Market Overview:
The global wired drill pipe market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing demand for oil and gas across the globe. Additionally, the increasing adoption of wired drill pipes in onshore and offshore applications is also contributing to the growth of this market. Based on type, the global wired drill pipe market can be segmented into electrical conductors, electrical transmitters, telemetry, and pressure sensors. Of these segments, pressure sensors are expected to witness highest growth during the forecast period owing to their growing demand in drilling applications for monitoring wellbore conditions accurately. Based on application,the global Wired Drill Pipe Market can be segmented into onshore and offshore applications. Of these segments,onshore application is expectedto dominatethe Wired Drill Pipe Marketduringthe forecastperiod owingto its high adoptionin North Americaand Europeregionsthat have mature oil & gas industries .
Product Definition:
A drill pipe that is equipped with electrical wiring for transmitting power from the surface to a downhole motor. Wired drill pipe is used to increase the drilling rate and reduce wear on the bit.
Electrical Conductors:
Electrical conductors are the heart of any wired drill pipe installation. They are responsible for carrying current from one point to another in an insulated cable. The selection of proper electrical conductors is very important as their strength and type determine the overall performance level of a wired drill pipe system.
The growth factor in this market is increasing with rising demand for high capacity power transmission systems, especially across offshore oil platforms.
Electrical Transmitters:
Electrical transmitters are devices that convert electrical energy into mechanical energy. They are used in wired drill pipes to create a magnetic field which attracts and launches drill cuttings towards the surface of the earth. The most commonly used electrical transmitter types include induction, electromagnetic, and ultrasonic transmitters.
Induction based transmitters: These work by creating an electric current in the drill pipe which causes it to heat up.
Application Insights:
Onshore application dominated the global wired drill pipe market in 2017, accounting for over 60% of the overall revenue share. The growth can be attributed to increasing demand for oil and gas from various onshore fields across the world. Furthermore, growing investments by O&G companies to develop new oilfields is expected to drive industry expansion over the forecast period.
Offshore application is projected to witness significant growth during the forecast period owing to rising demand for crude oil from offshore fields across various regions including Latin America and Asia Pacific. In addition, technological advancements coupled with extensive R&D activities are anticipated fuel industry expansion over next seven years or so.
The Asia Pacific region accounted for a considerable revenue share in 2017 owing to rapid industrialization along with developing urban areas such as China.
Regional Analysis:
Asia Pacific dominated the global market in 2017 and is expected to continue its dominance over the forecast period. The region’s growth can be attributed to increasing offshore drilling activities in countries, such as China, India, Vietnam, Thailand and Indonesia. In addition, rising demand for natural gas from emerging economies of Asia Pacific is anticipated to drive the regional market further.
The North America market was valued at USD X million in 2017 and is projected to witness significant growth over the forecast period owing to growing oil & gas E&P activities across U.S., Canada and Mexico on account of low cost of production coupled with easy availability of skilled labor force has resulted in increased investments by various companies for exploration & development activities which will fuel industry expansion over next eight years.
Growth Factors:
- Increasing demand for oil and gas due to population growth and industrialization in developing countries
- Rising investment in drilling and exploration activities by oil and gas companies
- Development of new technologies for drilling that require use of wired drill pipe
- Growing popularity of electric vehicles that need charging stations with wired drill pipe infrastructure
- Increased focus on safety and efficiency in drilling operations
Scope Of The Report
Report Attributes
Report Details
Report Title
Wired Drill Pipe Market Research Report
By Type
Electrical Conductors, Electrical Transmitters, Telemetry, Pressure sensors
By Application
Onshore, Offshore
By Companies
Schlumberger, GE(Baker Hughes), Halliburton, IntelliServ (NOV), Weatherford International, Schlumberger
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
232
Number of Tables & Figures
163
Customization Available
Yes, the report can be customized as per your need.
Global Wired Drill Pipe Market Report Segments:
The global Wired Drill Pipe market is segmented on the basis of:
Types
Electrical Conductors, Electrical Transmitters, Telemetry, Pressure sensors
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:
- Schlumberger
- GE(Baker Hughes)
- Halliburton
- IntelliServ (NOV)
- Weatherford International
- Schlumberger
Highlights of The Wired Drill Pipe 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:
- Electrical Conductors
- Electrical Transmitters
- Telemetry
- Pressure sensors
- 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 Wired Drill Pipe 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
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- Consumer Insights
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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?
Wired drill pipe is a type of drilling equipment that uses electric cables to transmit power and control signals between the drill bit and the surface. This technology allows for more precise drilling, as well as faster work rates.
Some of the key players operating in the wired drill pipe market are Schlumberger, GE(Baker Hughes), Halliburton, IntelliServ (NOV), Weatherford International, Schlumberger.
The wired drill pipe 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 Wired Drill Pipe 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 Wired Drill Pipe Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Wired Drill Pipe 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 Wired Drill Pipe 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 Wired Drill Pipe Market Size & Forecast, 2018-2028
4.5.1 Wired Drill Pipe Market Size and Y-o-Y Growth
4.5.2 Wired Drill Pipe Market Absolute $ Opportunity
Chapter 5 Global Wired Drill Pipe 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 Wired Drill Pipe Market Size Forecast by Type
5.2.1 Electrical Conductors
5.2.2 Electrical Transmitters
5.2.3 Telemetry
5.2.4 Pressure sensors
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Wired Drill Pipe 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 Wired Drill Pipe Market Size Forecast by Applications
6.2.1 Onshore
6.2.2 Offshore
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Wired Drill Pipe 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 Wired Drill Pipe 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 Wired Drill Pipe Analysis and Forecast
9.1 Introduction
9.2 North America Wired Drill Pipe 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 Wired Drill Pipe Market Size Forecast by Type
9.6.1 Electrical Conductors
9.6.2 Electrical Transmitters
9.6.3 Telemetry
9.6.4 Pressure sensors
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 Wired Drill Pipe 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 Wired Drill Pipe Analysis and Forecast
10.1 Introduction
10.2 Europe Wired Drill Pipe 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 Wired Drill Pipe Market Size Forecast by Type
10.6.1 Electrical Conductors
10.6.2 Electrical Transmitters
10.6.3 Telemetry
10.6.4 Pressure sensors
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 Wired Drill Pipe 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 Wired Drill Pipe Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Wired Drill Pipe 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 Wired Drill Pipe Market Size Forecast by Type
11.6.1 Electrical Conductors
11.6.2 Electrical Transmitters
11.6.3 Telemetry
11.6.4 Pressure sensors
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 Wired Drill Pipe 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 Wired Drill Pipe Analysis and Forecast
12.1 Introduction
12.2 Latin America Wired Drill Pipe 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 Wired Drill Pipe Market Size Forecast by Type
12.6.1 Electrical Conductors
12.6.2 Electrical Transmitters
12.6.3 Telemetry
12.6.4 Pressure sensors
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 Wired Drill Pipe 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) Wired Drill Pipe Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Wired Drill Pipe 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) Wired Drill Pipe Market Size Forecast by Type
13.6.1 Electrical Conductors
13.6.2 Electrical Transmitters
13.6.3 Telemetry
13.6.4 Pressure sensors
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) Wired Drill Pipe 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 Wired Drill Pipe Market: Competitive Dashboard
14.2 Global Wired Drill Pipe Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Schlumberger
14.3.2 GE(Baker Hughes)
14.3.3 Halliburton
14.3.4 IntelliServ (NOV)
14.3.5 Weatherford International
14.3.6 Schlumberger
