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Single User License: Downhole Tools Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2014 - 2020
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REPORT DESCRIPTION
Downhole tools include drilling jars, roller centralizers, drag friction, drill-pipes, fishing tools, shock tools and tubular tools among others. These tools are used in various applications such as oil and gas production, well drilling, well completion and well interventions. The adoption of downhole tools is increasingly seen in well intervention activities due to increasing drilling activities in countries such as U.S and Mexico. In these activities a number of downhole tools used. Some examples of tools used in well intervention include fishing tools, wire-line tools and tubing tools among others. Browse Full Report with TOC: http://www.transparencymarketresearch.com/downhole-tools-market.html Downhole tools are used in BHA (bottom hole assembly) for work-over and completion operations. BHA is selected depending on the formation characteristics of the reservoir. These tools reduce the cost associated with the oil recovery activities and ensure increased oil production. Various operations for which downhole tools are used include casing, fishing, well-bottom communication, cementing, drilling, fracturing, logging and well measurements. These tools are mostly used in very extreme conditions such as high pressure and temperature. Increasing drilling activities in countries such as U.S, Mexico and Germany is driving the growth of downhole tools market. In addition growing shale exploration activities and offshore exploration in North America and Europe is expected to fuel the growth of this market over the forecast period. The global downhole tools market can be segmented based on its types and applications. Depending on the types, the downhole tools market can be segmented into five major categories as impurity control, drilling tools, flow and pressure control, handling tools and downhole control system. The downhole tools market can be segmented on the basis of its applications into five categories which include formation and evaluation, well drilling, well completion, well intervention and, oil and gas production. The downhole tools market can also be segmented based on major geographical regions into North America, Europe, Asia Pacific and Rest of the World (Africa, Middle East and Latin America).
Among all the regional markets, North America is the dominating market for downhole tools, owing to the increasing shale and drilling activities in the United States and Mexican region. Among all types of downhole tools, drilling tools is dominating the global downhole tools market. This growth is attributed to the increasing adoption of drilling tools in oil and gas industry. Manufacturers in dominating regions such as North America and Europe, offer customized drilling tools according to the requirement of the well bore and downhole conditions. Some of the key players in downhole tools market include Halliburton Company, Baker Hughes Inc., Bilco Tools Inc., Logan Oil Tools Inc., Excalibre Downhole Tools Ltd., Oil States International Inc., National Oil Varco Inc., United Drilling Tools Ltd., Schlumberger Ltd., Wenzel Downhole Tools Ltd. and Weatherford International Ltd. among others. Key players in downhole tools market focus on increasing their presence and customer base by setting up sales and manufacturing facilities in other regional markets. For example, in 2013, Logan Oil Tools announced opening of sales and facilities situated in Colombia. In addition, players in this market make consistent investment in research and developments activities to offer innovative and cost effective products and techniques to their customers. For example, in 2014, Schlumberger Ltd introduced new fracturing techniques namely BroadBand Sequence for well drilling in unconventional reservoirs. Read More Reports on Consumer Goods Markets: http://www.transparencymarketresearch.com/consumer-goods-market-reports7.html This research report analyzes this market depending on its market segments, major geographies, and current market trends. Geographies analyzed under this research report include
North America
Asia Pacific
Europe
Rest of the World
This report provides comprehensive analysis of
Market growth drivers
Factors limiting market growth
Current market trends
Market structure
Market projections for upcoming years
This report is a complete study of current trends in the market, industry growth drivers, and restraints. It provides market projections for the coming years. It includes analysis of recent developments in technology, Porter’s five force model analysis and detailed profiles of top industry players. The report also includes a review of micro and macro factors essential for the existing market players and new entrants along with detailed value chain analysis. Reasons for Buying this Report
This report provides pin-point analysis for changing competitive dynamics
It provides a forward looking perspective on different factors driving or restraining market growth
It provides a six-year forecast assessed on the basis of how the market is predicted to grow
It helps in understanding the key product segments and their future
It provides pin point analysis of changing competition dynamics and keeps you ahead of competitors
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It provides distinctive graphics and exemplified SWOT analysis of major market segments
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Transparency Market Research is a market intelligence company providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision makers. We are privileged with highly experienced team of Analysts, Researchers and Consultants, who use proprietary data sources and various tools and techniques to gather, and analyze information. Our business offerings represent the latest and the most reliable information indispensable for businesses to sustain a competitive edge. Our data repository is continuously updated and revised by a team of research experts so that it always reflects the latest trends and information. With broad research and analysis capability, Transparency Market Research employs rigorous primary and secondary research techniques in developing distinctive data sets and research material for business reports. Latest Upcoming Reports: http://www.transparencymarketresearch.com/upcoming.htm Followed LinkedIn :- http://www.linkedin.com/today/post/article/20140709061352-342028166-downhole-tools-market-2014-2020 Contact: Transparency Market Research 90 State Street, Suite 700, Albany NY - 12207 United States Tel: +1-518-618-1030 USA - Canada Toll Free 866-552-3453
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