The drilling tools market is expected to register a CAGR of approximately 9.9%, owing to the increasing number of drilling rigs, due to new discoveries in several regions of the world.
Drilling tools are utilized for the most part of the world for drilling oil. Drilling tools are basically used for the extraction and exploration of natural gas and crude oil.
The rising exploration and development activities, increasing rig count, and increasing unconventional field development activities across the world are some of the factors that have supported long-term expansion for Drilling Tools Market.
North America region is expected to be among the largest drilling automation market and is likely to continue its dominance in the coming years. The region consists of major oil and gas oil production basins in the world, which provide fertile ground for further growth in the industry.
Insights are provided for each region and major countries within the regions
|
Report Feature |
Descriptions |
|---|---|
|
Growth Rate |
CAGR of 9.9% during the forecasting period, 2021-2028 |
|
Historical Data |
2018-2019 |
|
Forecast Years |
2021-2028 |
|
Base Year |
2020 |
|
Units Considered |
Revenue in USD billion and CAGR from 2021 to 2028 |
|
Report Segmentation |
type, location of deployment and region. |
|
Report Attribute |
Market Revenue Sizing (Global, Regional and Country Level) Company Share Analysis, Market Dynamics, Company Profiling |
|
Regional Level Scope |
North America, Europe, Asia-Pacific, South America, and Middle East and Africa |
|
Country Level Scope |
U.S., Japan, Germany, U.K., China, India, Brazil, UAE, South Africa (50+ Countries Across the Globe) |
|
Companies Profiled |
National-Oilwell Varco Inc, Halliburton Company, Schlumberger Limited, Baker Hughes Company, Weatherford International Plc |
|
Available Customization |
In addition to the market data for Drilling Tools Market, Delvens offers client-centric report and customized according to the company’s specific demand and requirement. |
Drilling Tools Market is segmented into type, location of deployment and region.
.png)
.png)
.png)
.png)
.png)
.png)