Dublin, June 24, 2022 (GLOBE NEWSWIRE) -- The "Global Hardbanding Services Market, By Type (Tungsten Carbide, Chromium Carbide, Titanium Carbide and Niobium Boride), By Application (Open Hole, Cased Hole), By Component, By Location, By Region, Competition Forecast and Opportunities, 2017-2027" report has been added to ResearchAndMarkets.com's offering.
The global Hardbanding Services Market is expected to grow at a significant rate during the forecast period. The market growth can be attributed to the growing need for advanced technologies to make oil drilling processes affordable.
Hardbanding processes involve the deposition of a layer of super-hard metals onto the drill joints, heavy-weight drill pipes, and collars to reduce maintenance requirements and ensure smooth drilling operations for a long duration.
The growing competition among market players and advancements in drilling technologies are further expected to accelerate the growth of the global hardbanding services market. Advanced welding techniques ensure smooth drilling operation for a longer duration and make the process cost-effective.
Expanding drilling industry and growing competition among market players are further accelerating the growth of the global hardbanding services market in the forecast period. Ongoing research and development activities to improve the demand for hardbanding services and the growing use of advanced technologies for the drilling process are further propelling the growth of the global hardbanding services market in the forecast period.
The Global Hardbanding Services Market is segmented by type, application, component, location, regional distribution, and competitional landscape. Based on the location, the market is bifurcated into onshore and offshore. The offshore segment is anticipated to grow at the fastest rate in the global hardbanding services market due to rising offshore oil & gas activities and growing investments by the market players to discover untapped reserves.
Major players operating in the global hardbanding services market are National Oilwell Varco, Castolin Eutectic, Arnco Technology, Sharpe Engineering, Postle Industries, D/F Machine Specialties Inc., Weatherford International, etc.
Years Considered for This Report:
- Historical Years: 2017-2020
- Base Year: 2021
- Estimated Year: 2022E
- Forecast Period: 2023F-2027F
Objective of the Study:
- To analyze the historical growth in the market size of global hardbanding services market from 2017 to 2021
- To estimate and forecast the market size of global hardbanding services market from 2022E to 2027F and growth rate until 2027F
- To classify and forecast the global hardbanding services market based on type, application, component, location, region, and competitive Landscape
- To identify dominant region or segment in the global hardbanding services market
- To identify drivers and challenges for global hardbanding services market
- To examine competitive developments such as expansions, new services, mergers & acquisitions, etc, in global hardbanding services market
- To identify and analyze the profile of leading players operating in global hardbanding services market
- To identify key sustainable strategies adopted by market players in global hardbanding services market
Key Topics Covered:
1. Service Overview
2. Research Methodology
3. Executive Summary
4. Impact of COVID-19 on Global Hardbanding Services Market
5. Voice of Customers
5.1. Brand Awareness
5.2. Factors Considered while Selecting a vendor
5.3. Customer Satisfaction Level
5.4. Major Challenges Faced
6. Global Hardbanding Services Market Outlook
6.1. Market Size & Forecast
6.1.1. By Value
6.2. Market Share & Forecast
6.2.1. By Type (Tungsten Carbide, Chromium Carbide, Titanium Carbide and Niobium Boride)
6.2.2. By Application (Open Hole, Cased Hole)
6.2.3. By Component (Drill Pipe, Drill Collars, Tool Joints, Others)
6.2.4. By Location (Onshore, Offshore)
6.2.5. By Region
6.2.6. By Company (2021)
6.3. Market Map
7. North America Hardbanding Services Market Outlook
8. Asia-Pacific Hardbanding Services Market Outlook
9. Europe Hardbanding Services Market Outlook
10. South America Hardbanding Services Market Outlook
11. Middle East & Africa Hardbanding Services Market Outlook
12. Market Dynamics
12.1. Drivers
12.2. Challenges
13. Market Trends & Developments
14. Company Profiles
14.1. National Oilwell Varco
14.2. Castolin Eutectic
14.3. Arnco Technology
14.4. Sharpe Engineering
14.5. Postle Industries
14.6. D/F Machine Specialties Inc.
14.7. Weatherford International
15. Strategic Recommendations
For more information about this report visit https://www.researchandmarkets.com/r/jr7my2
