Latest Update: Impact of current COVID-19 situation has been considered in this report while making the analysis.
Global PDC Cutters for Oil & Gas Drilling Market by Type (By the diameter, By the shape), By Application (Standard PDC Cutters, Premium Performance PDC Cutters) And By Region (North America, Latin America, Europe, Asia Pacific and Middle East & Africa), Forecast From 2022 To 2030-report

Global PDC Cutters for Oil & Gas Drilling Market by Type (By the diameter, By the shape), By Application (Standard PDC Cutters, Premium Performance PDC Cutters) And By Region (North America, Latin America, Europe, Asia Pacific and Middle East & Africa), Forecast From 2022 To 2030

Report ID: 167341 3300 Machinery & Equipment 377 231 Pages 4.9 (40)
                                          

Market Overview:


The global PDC cutters for oil & gas drilling market is estimated to grow at a CAGR of 5.5% from 2018 to 2030. In terms of value, the market is expected to reach USD 3,811.4 million by 2030. The growth in the market can be attributed to the increasing demand for oil and gas across the globe and rising investments in exploration and production activities. Based on type, the global PDC cutters for oil & gas drilling market can be segmented into two categories: by diameter and by shape. By diameter, the market can be further divided into small-diameter (≤6 inches), medium-diameter (7–9 inches), and large-diameter (>10 inches) segments. By shape, it can be classified into standard PDC cutters and premium performance PDC cutters segments. Standard PDC cutters are used in most applications as they offer good penetration rates at low cost per cutter wear unit (CWU). Premium performance PDC cutters are used where high penetration rates are required or when formations are harder than average; thesecutters offer better resistance to abrasionand impact loading than standard PDCCutters .


Global PDC Cutters for Oil & Gas Drilling Industry Outlook


Product Definition:


PDC Cutters are polycrystalline diamond compact (PDC) cutters that are used in oil and gas drilling. They are important because they can drill through hard materials, such as shale and sandstone, without getting stuck.


By the diameter:


By the diameter, it's usage and growth factor in PDC cutters for oil & gas drilling market is used to cut off a desired section of drill pipe. The By-the-Diameter (Bd) device is an important safety component installed on the rig floor near the wellhead.


By the shape:


The By the shape and it's usage in PDC cutters for oil & gas drilling market is expected to witness significant growth over the forecast period. The major driver attributing to its rapid growth is attributed to rising demand from oil & gas industry. Drilling mudcutter uses a wide range of cutting equipment depending on the type of formation, material being drilled, and other operational factors.


Application Insights:


PDC cutters are used in various applications including standard PDC, premium performance PDC and extreme pressure PDC. In 2017, the standard application segment dominated the global market with a share of over 80% and is expected to maintain its lead over the forecast period. The segment will retain its dominance throughout the forecast years due to factors such as increasing demand for cost-effective solutions coupled with technological advancements in drilling equipment.


The premium performance application is projected to witness significant growth during the forecast period owing to growing awareness regarding superior cutting ability of these products coupled with their durability and reliability. Premium performance oil & gas drilling equipment require premium quality pneumatic devices that provide high precision while handling highly viscous materials like oil shale or bitumen which are cut by specialised tools known as power diamond saws or pneumatic blades called perforating devices commonly known as perfs.


Regional Analysis:


North America dominated the global market in 2017 owing to the presence of a large number of oil and gas reserves. The region is expected to maintain its dominance over the forecast period due to increasing drilling activities for exploration and production (E&P) of oil fields. Moreover, technological advancements coupled with high R&D expenditure by industry players are likely to contribute toward future growth prospects in this region.


Asia Pacific is anticipated to witness significant growth over the coming years owing both E & P and production side as most major companies are focusing on developing new reserves through enhanced oil recovery (EOR). This factor along with growing demand from end-users such as power generation, industrial applications, petrochemical sector will drive regional product demand during the forecast period.


Growth Factors:


  • Increasing demand for oil and gas due to population growth and industrialization
  • Rising investment in exploration and production activities of oil and gas
  • Technological advancements in drilling equipment that improves the efficiency of PDC cutters
  • Growing use of PDC cutters in unconventional drilling applications such as shale gas fracking
  • Stringent environmental regulations that promote the use of more efficient drilling technologies

Scope Of The Report

Report Attributes

Report Details

Report Title

PDC Cutters for Oil & Gas Drilling Market Research Report

By Type

By the diameter, By the shape

By Application

Standard PDC Cutters, Premium Performance PDC Cutters

By Companies

Element Six, Varel International, Atlas Copco, Schlumberger, SF Diamond, Torquato, Simple Technology, Diafront, Rock-Drill-Bit, IDS Diamond, ZhengZhou Saio SuperAbrasives, Zhuzhou ChangNian Cemented Carbide CO.,ltd., Ulterra, Sandvik Hyperion

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

231

Number of Tables & Figures

162

Customization Available

Yes, the report can be customized as per your need.


Global PDC Cutters for Oil & Gas Drilling Market Report Segments:

The global PDC Cutters for Oil & Gas Drilling market is segmented on the basis of:

Types

By the diameter, By the shape

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

Standard PDC Cutters, Premium Performance PDC Cutters

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:

  1. Element Six
  2. Varel International
  3. Atlas Copco
  4. Schlumberger
  5. SF Diamond
  6. Torquato
  7. Simple Technology
  8. Diafront
  9. Rock-Drill-Bit
  10. IDS Diamond
  11. ZhengZhou Saio SuperAbrasives
  12. Zhuzhou ChangNian Cemented Carbide CO.,ltd.
  13. Ulterra
  14. Sandvik Hyperion

Global PDC Cutters for Oil & Gas Drilling Market Overview


Highlights of The PDC Cutters for Oil & Gas Drilling Market Report:

  1. The market structure and projections for the coming years.
  2. Drivers, restraints, opportunities, and current trends of market.
  3. Historical data and forecast.
  4. Estimations for the forecast period 2030.
  5. Developments and trends in the market.
  6. By Type:

    1. By the diameter
    2. By the shape
  1. By Application:

    1. Standard PDC Cutters
    2. Premium Performance PDC Cutters
  1. Market scenario by region, sub-region, and country.
  2. Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
  3. Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
  4. Government Policies, Macro & Micro economic factors are also included in the report.

We have studied the PDC Cutters for Oil & Gas Drilling 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
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  • Consumer Insights
  • Understanding Competition Scenario
  • Product & Brand Management
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Global PDC Cutters for Oil & Gas Drilling Market Statistics

8 Reasons to Buy This Report

  1. Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
  2. Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
  3. Implemented Robust Methodology to Prepare the Report
  4. Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
  5. Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
  6. Provides Information About the Top-winning Strategies Implemented by Industry Players.
  7. In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
  8. Customization of the Report Available

Frequently Asked Questions?


PDC cutters are used in oil and gas drilling to remove rock formations. They have a rotating blade that cuts through the rock.

Some of the key players operating in the pdc cutters for oil & gas drilling market are Element Six, Varel International, Atlas Copco, Schlumberger, SF Diamond, Torquato, Simple Technology, Diafront, Rock-Drill-Bit, IDS Diamond, ZhengZhou Saio SuperAbrasives, Zhuzhou ChangNian Cemented Carbide CO.,ltd., Ulterra, Sandvik Hyperion.

The pdc cutters for oil & gas drilling market is expected to grow at a compound annual growth rate of 5.5%.

                                            
1. Executive Summary

2. Assumptions and Acronyms Used

3. Research Methodology

4. PDC Cutters for Oil & Gas Drilling 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. PDC Cutters for Oil & Gas Drilling Market Dynamics
      4.3.1. Market Drivers
      4.3.2. Market Restraints
      4.3.3. Opportunity
      4.3.4. Market Trends
   4.4. PDC Cutters for Oil & Gas Drilling Market - Supply Chain
   4.5. Global PDC Cutters for Oil & Gas Drilling Market Forecast
      4.5.1. PDC Cutters for Oil & Gas Drilling Market Size (US$ Mn) and Y-o-Y Growth
      4.5.2. PDC Cutters for Oil & Gas Drilling Market Size (000’ Units) and Y-o-Y Growth
      4.5.3. PDC Cutters for Oil & Gas Drilling Market Absolute $ Opportunity

5. Global PDC Cutters for Oil & Gas Drilling 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. PDC Cutters for Oil & Gas Drilling Market Size and Volume Forecast by Type
      5.3.1. By the diameter
      5.3.2. By the shape
   5.4. Absolute $ Opportunity Assessment by Type
   5.5. Market Attractiveness/Growth Potential Analysis by Type

6. Global PDC Cutters for Oil & Gas Drilling 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. PDC Cutters for Oil & Gas Drilling Market Size and Volume Forecast by Application
      6.3.1. Standard PDC Cutters
      6.3.2. Premium Performance PDC Cutters
   6.4. Absolute $ Opportunity Assessment by Application
   6.5. Market Attractiveness/Growth Potential Analysis by Application

7. Global PDC Cutters for Oil & Gas Drilling 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. PDC Cutters for Oil & Gas Drilling 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 PDC Cutters for Oil & Gas Drilling 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. PDC Cutters for Oil & Gas Drilling 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 PDC Cutters for Oil & Gas Drilling Demand Share Forecast, 2019-2026

9. North America PDC Cutters for Oil & Gas Drilling 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 PDC Cutters for Oil & Gas Drilling 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 PDC Cutters for Oil & Gas Drilling Market Size and Volume Forecast by Application
      9.4.1. Standard PDC Cutters
      9.4.2. Premium Performance PDC Cutters
   9.5. Basis Point Share (BPS) Analysis by Application
   9.6. Y-o-Y Growth Projections by Application
   9.7. North America PDC Cutters for Oil & Gas Drilling Market Size and Volume Forecast by Type
      9.7.1. By the diameter
      9.7.2. By the shape
   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 PDC Cutters for Oil & Gas Drilling Demand Share Forecast, 2019-2026

10. Latin America PDC Cutters for Oil & Gas Drilling 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 PDC Cutters for Oil & Gas Drilling 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 PDC Cutters for Oil & Gas Drilling Market Size and Volume Forecast by Application
      10.4.1. Standard PDC Cutters
      10.4.2. Premium Performance PDC Cutters
   10.5. Basis Point Share (BPS) Analysis by Application
   10.6. Y-o-Y Growth Projections by Application
   10.7. Latin America PDC Cutters for Oil & Gas Drilling Market Size and Volume Forecast by Type
      10.7.1. By the diameter
      10.7.2. By the shape
   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 PDC Cutters for Oil & Gas Drilling Demand Share Forecast, 2019-2026

11. Europe PDC Cutters for Oil & Gas Drilling 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 PDC Cutters for Oil & Gas Drilling 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 PDC Cutters for Oil & Gas Drilling Market Size and Volume Forecast by Application
      11.4.1. Standard PDC Cutters
      11.4.2. Premium Performance PDC Cutters
   11.5. Basis Point Share (BPS) Analysis by Application
   11.6. Y-o-Y Growth Projections by Application
   11.7. Europe PDC Cutters for Oil & Gas Drilling Market Size and Volume Forecast by Type
      11.7.1. By the diameter
      11.7.2. By the shape
   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 PDC Cutters for Oil & Gas Drilling Demand Share, 2019-2026

12. Asia Pacific PDC Cutters for Oil & Gas Drilling 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 PDC Cutters for Oil & Gas Drilling 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 PDC Cutters for Oil & Gas Drilling Market Size and Volume Forecast by Application
      12.4.1. Standard PDC Cutters
      12.4.2. Premium Performance PDC Cutters
   12.5. Basis Point Share (BPS) Analysis by Application
   12.6. Y-o-Y Growth Projections by Application
   12.7. Asia Pacific PDC Cutters for Oil & Gas Drilling Market Size and Volume Forecast by Type
      12.7.1. By the diameter
      12.7.2. By the shape
   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 PDC Cutters for Oil & Gas Drilling Demand Share, 2019-2026

13. Middle East & Africa PDC Cutters for Oil & Gas Drilling 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 PDC Cutters for Oil & Gas Drilling 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 PDC Cutters for Oil & Gas Drilling Market Size and Volume Forecast by Application
      13.4.1. Standard PDC Cutters
      13.4.2. Premium Performance PDC Cutters
   13.5. Basis Point Share (BPS) Analysis by Application
   13.6. Y-o-Y Growth Projections by Application
   13.7. Middle East & Africa PDC Cutters for Oil & Gas Drilling Market Size and Volume Forecast by Type
      13.7.1. By the diameter
      13.7.2. By the shape
   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 PDC Cutters for Oil & Gas Drilling Demand Share, 2019-2026

14. Competition Landscape
   14.1. Global PDC Cutters for Oil & Gas Drilling Market: Market Share Analysis
   14.2. PDC Cutters for Oil & Gas Drilling Distributors and Customers
   14.3. PDC Cutters for Oil & Gas Drilling Market: Competitive Dashboard
   14.4. Company Profiles (Details – Overview, Financials, Developments, Strategy) 
      14.4.1. Element Six
         14.4.1.1. Overview
         14.4.1.2. Financials
         14.4.1.3. Developments
         14.4.1.4. Strategic Outlook
      14.4.2. Varel International
         14.4.2.1. Overview
         14.4.2.2. Financials
         14.4.2.3. Developments
         14.4.2.4. Strategic Outlook
      14.4.3. Atlas Copco
         14.4.3.1. Overview
         14.4.3.2. Financials
         14.4.3.3. Developments
         14.4.3.4. Strategic Outlook
      14.4.4. Schlumberger
         14.4.4.1. Overview
         14.4.4.2. Financials
         14.4.4.3. Developments
         14.4.4.4. Strategic Outlook
      14.4.5. SF Diamond
         14.4.5.1. Overview
         14.4.5.2. Financials
         14.4.5.3. Developments
         14.4.5.4. Strategic Outlook
      14.4.6. Torquato
         14.4.6.1. Overview
         14.4.6.2. Financials
         14.4.6.3. Developments
         14.4.6.4. Strategic Outlook
      14.4.7. Simple Technology
         14.4.7.1. Overview
         14.4.7.2. Financials
         14.4.7.3. Developments
         14.4.7.4. Strategic Outlook
      14.4.8. Diafront
         14.4.8.1. Overview
         14.4.8.2. Financials
         14.4.8.3. Developments
         14.4.8.4. Strategic Outlook
      14.4.9. Rock-Drill-Bit
         14.4.9.1. Overview
         14.4.9.2. Financials
         14.4.9.3. Developments
         14.4.9.4. Strategic Outlook
      14.4.10. IDS Diamond
         14.4.10.1. Overview
         14.4.10.2. Financials
         14.4.10.3. Developments
         14.4.10.4. Strategic Outlook
      14.4.11. ZhengZhou Saio SuperAbrasives
         14.4.11.1. Overview
         14.4.11.2. Financials
         14.4.11.3. Developments
         14.4.11.4. Strategic Outlook
      14.4.12. Zhuzhou ChangNian Cemented Carbide CO.,ltd.
         14.4.12.1. Overview
         14.4.12.2. Financials
         14.4.12.3. Developments
         14.4.12.4. Strategic Outlook
      14.4.13. Ulterra
         14.4.13.1. Overview
         14.4.13.2. Financials
         14.4.13.3. Developments
         14.4.13.4. Strategic Outlook
      14.4.14. Sandvik Hyperion
         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
         14.4.20.2. Financials
         14.4.20.3. Developments
         14.4.20.4. Strategic Outlook

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