Dublin, June 29, 2021 (GLOBE NEWSWIRE) -- The "Drill Pipes - Global Market Trajectory & Analytics" report has been added to ResearchAndMarkets.com's offering.
Global Drill Pipes Market to Reach $1.2 Billion by 2027
Amid the COVID-19 crisis, the global market for Drill Pipes estimated at US$1.1 Billion in the year 2020, is projected to reach a revised size of US$1.2 Billion by 2027, growing at a CAGR of 2.4% over the period 2020-2027.
API Grade, one of the segments analyzed in the report, is projected to record 2.2% CAGR and reach US$869 Million by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Premium Grade segment is readjusted to a revised 2.9% CAGR for the next 7-year period.
The U.S. Market is Estimated at $284.5 Million, While China is Forecast to Grow at 4.5% CAGR
The Drill Pipes market in the U.S. is estimated at US$284.5 Million in the year 2020. China, the world's second largest economy, is forecast to reach a projected market size of US$245.5 Million by the year 2027 trailing a CAGR of 4.5% over the analysis period 2020 to 2027.
Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 0.6% and 1.7% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 1.1% CAGR.
Key Topics Covered:
I. METHODOLOGY
II. EXECUTIVE SUMMARY
- Influencer Market Insights
- Impact of Covid-19 and a Looming Global Recession
- An Introduction to Drill Pipes
- Grades and Classification of Drill Pipes
- Global Market Prospects & Outlook
- Rising Investments and Technological Advancements: Key Growth Drivers
- Onshore Application Segment Leads the Market
- North America Dominates the Drill Pipes Regional Market
- Competitive Landscape
- Leading Onshore Drilling Companies
- Leading Offshore Drilling Companies
- Drilling Activities to Continue Post COVID-19 Pandemic Leading to Long Term Growth in Drill Pipes Market
- Development of Hydrocarbon Resources to Drive Growth
- Oilfield Discoveries Propel the Drill Pipes Market
- Advancements in Drilling Technologies to Create Opportunities in Drill Pipes Market
- High Drilling and Operational Cost; A Major Deterrent to Market Growth
- High Growth in Renewable Energy Sector Threatens the Drilling Infrastructure Market
III. MARKET ANALYSIS
IV. COMPETITION
- Total Companies Profiled: 47
- DP-Master Manufacturing (S) Pte. Ltd.
- Drill Pipe International, LLC
- Hilong Group OF Companies
- National Oilwell Varco, Inc.
- Oil Country Tubular Limited
- Tejas Tubular Products Inc.
- Tenaris SA
- Texas Steel Conversion Inc.
- TMK Group
- Vallourec SA
For more information about this report visit https://www.researchandmarkets.com/r/gfz8os