Global Gas and Oil Drill Bits Industry – Market Research 2015-2019

2015-09-23
Price :
Published : Sep-2015
No. of Pages : 76

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 bit’s 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

The analysts forecast global drill bits in oil and gas industry to grow at a CAGR of 4.05% in terms of over the period 2014-2019.

Covered in this report

This report includes the present scenario and the growth prospects of global drill bits in oil and gas industry for the period 2015-2019. The market can be segmented into three based on type, application, and geography.

The 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. This 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. This report includes a discussion on the key vendors operating in this market.

Key geographies

  • Americas
  • APAC
  • EMEA

Key vendors

  • Baker Hughes
  • Halliburton
  • National Oilwell Varco
  • Schlumberger
  • Varel International

Other prominent vendors

  • Atlas Copco
  • Cangzhou Great Drill
  • Champion Cutting Tool
  • Driltec
  • Guizhou Sinodrills Equipment
  • Irwin Industrial Tool
  • NewTech Drilling Products
  • Rock River Tool
  • Weatherford International

Market driver

  • Increased demand for oil and gas worldwide
  • For a full, detailed list, view our report

Market challenge

  • Fluctuating oil prices
  • For a full, detailed list, view our report

Market trend

  • Integration of drill bits into bottom-hole assemblies
  • For a full, detailed list, view our report

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?
  • Who are the key vendors in this market space?
  • What are the market opportunities and threats faced by the key vendors?
  • What are the strengths and weaknesses of the key vendors?
Filed in: Energy & Power
Publisher : Technavio
More Reports
Title Price Buy Now

Taiwan Renewable Energy Policy Handbook 2017

Taiwan Renewable Energy Policy Handbook 2017 Summary "Taiwan Renewable Energy Policy Handbook 2017" is among the latest country specific policy reports from GlobalData, the industry analysis specialist that offers comprehensive information on major policies governing renewable energy market in the country. The report provides the current and future renewable energy targets and plans along with the present policy framework, giving a fair idea of overall growth potential of the renewable energy industry. The report also provides major technology specific policies and incentives provided in the country. The report is built using data and information sourced from industry associations, government websites and statutory bodies. The information is also sourced through other secondary researc......
$500

Peru Crude Oil Refinery Outlook to 2022

Peru Crude Oil Refinery Outlook to 2022 Summary "Peru Crude Oil Refinery Outlook to 2022" is a comprehensive report on crude oil refinery industry in Peru. The report also provides details on oil refineries such as name, type, operational status, operator apart from capacity data for the major processing units, for all active refineries in Peru for the period 2012-2022. Further, the report also offers recent developments, financial deals as well as latest contracts awarded in the country's oil refinery industry. Scope - Updated information related to all active refineries in the country, including operator and equity details - Information on CDU, coking and catalytic cracking capacities by refinery in the country, where available - Key mergers and acquisitions, partnerships, private eq......
$1500

Thailand Renewable Energy Policy Handbook 2017

Thailand Renewable Energy Policy Handbook 2017 Summary "Thailand Renewable Energy Policy Handbook 2017" is among the latest country specific policy reports from GlobalData, the industry analysis specialist that offers comprehensive information on major policies governing renewable energy market in the country. The report provides the current and future renewable energy targets and plans along with the present policy framework, giving a fair idea of overall growth potential of the renewable energy industry. The report also provides major technology specific policies and incentives provided in the country. The report is built using data and information sourced from industry associations, government websites and statutory bodies. The information is also sourced through other secondary res......
$500

Australia Crude Oil Refinery Outlook to 2022

Australia Crude Oil Refinery Outlook to 2022 Summary "Australia Crude Oil Refinery Outlook to 2022" is a comprehensive report on crude oil refinery industry in Australia. The report also provides details on oil refineries such as name, type, operational status, operator apart from capacity data for the major processing units, for all active and planned refineries in Australia for the period 2012-2022. Further, the report also offers recent developments, financial deals as well as latest contracts awarded in the country's oil refinery industry. Scope - Updated information related to all active and planned refineries in the country, including operator and equity details - Information on CDU, catalytic cracking and hydrocracking capacities by refinery in the country, where available - Key......
$1500

Vietnam Renewable Energy Policy Handbook 2017

Vietnam Renewable Energy Policy Handbook 2017 Summary "Vietnam Renewable Energy Policy Handbook 2017" is among the latest country specific policy reports from GlobalData, the industry analysis specialist that offers comprehensive information on major policies governing renewable energy market in the country. The report provides the current and future renewable energy targets and plans along with the present policy framework, giving a fair idea of overall growth potential of the renewable energy industry. The report also provides major technology specific policies and incentives provided in the country. The report is built using data and information sourced from industry associations, government websites and statutory bodies. The information is also sourced through other secondary resea......
$500

Turkey Crude Oil Refinery Outlook to 2022

Turkey Crude Oil Refinery Outlook to 2022 Summary "Turkey Crude Oil Refinery Outlook to 2022" is a comprehensive report on crude oil refinery industry in Turkey. The report also provides details on oil refineries such as name, type, operational status, operator apart from capacity data for the major processing units, for all active and planned refineries in Turkey for the period 2012-2022. Further, the report also offers recent developments, financial deals as well as latest contracts awarded in the country's oil refinery industry. Scope - Updated information related to all active and planned refineries in the country, including operator and equity details - Information on CDU, coking, catalytic cracking and hydrocracking capacities by refinery in the country, where available - Key mer......
$1500

Asia Pacific Renewable Energy Policy Handbook 2017

Asia Pacific Renewable Energy Policy Handbook 2017 Summary Renewable energy represents a possible solution to two major global issues: global warming and diminishing fossil fuel reserves. It is sustainable and clean, generally emitting no or very little CO2, and these factors have led major countries to shift their focus toward the development of renewable energy sources. In the Asia-Pacific region, FiT is evidently the most popular form of incentive utilized to promote renewable power installations. Except New Zealand, South Korea, and Singapore, all other countries covered in the region have FiTs for one or more renewable technologies. Net-metering which is a recent and more advanced incentive is popular in Japan and is gaining ground in India with a few states having introduced the s......
$3995

Monthly Global Upstream Review, April 2017: Positive Turnaround in Production Outlook

Monthly Global Upstream Review, April 2017: Positive Turnaround in Production Outlook Summary A total increase of 2.3% is expected in the global upstream oil and gas production over the 2017 to 2021 period. The average capex spending is expected to decrease by 3.4% when compared with the March 2017 report. Also the number of planned projects has increased by 20 when compared with the March report. The number of planned projects expected to come online in the 2017-2025 period would be the highest in South America and Africa among regions, followed by North America. Scope - Global oil and gas production outlook by region for the period 2017 to 2021 - Key economic metrics for the global upstream industry by major regions and companies - Global liquids and natural gas production outlook by......
$1500

Japan Renewable Energy Policy Handbook 2017

Japan Renewable Energy Policy Handbook 2017 Summary "Japan Renewable Energy Policy Handbook 2017" is among the latest country specific policy reports from GlobalData, the industry analysis specialist that offers comprehensive information on major policies governing renewable energy market in the country. The report provides the current and future renewable energy targets and plans along with the present policy framework, giving a fair idea of overall growth potential of the renewable energy industry. The report also provides major technology specific policies and incentives provided in the country. The report is built using data and information sourced from industry associations, government websites and statutory bodies. The information is also sourced through other secondary research ......
$500

Middle East and Africa Renewable Energy Policy Handbook 2017

Middle East and Africa Renewable Energy Policy Handbook 2017 Summary Renewable energy represents a possible solution to two major global issues: global warming and diminishing fossil fuel reserves. It is sustainable and clean, generally emitting no or very little CO2, and these factors have led major countries to shift their focus toward the development of renewable energy sources. Renewable energy has the potential to boost the global economy. However, the most important challenge in the deployment of renewable energy is that it is more expensive than conventional fuels. In order to make renewable energy competitive, it is necessary for governments to provide support in the form of favorable policies and incentives. Renewable energy has a mixed market outlook in the Middle East and Afr......
$3995