DUBLIN, Apr. 24, 2017 /PRNewswire/ --
Research and Markets has announced the addition of the "Global Oilfield Roller Chain Market, 2012-2022" report to their offering.
The global oilfield roller chain market is projected to reach $ 430 million by 2022, due to rising production and consumption of oil across the globe. In 2016, North America dominated demand for oilfield roller chains across the globe, due to increasing rig count and rising demand for oil & gas.
Tremendous growth in exploration of unconventional reserves such as shale oil & gas, especially in North America and China, rising use of enhanced oil recovery techniques, coupled with recovering crude oil prices is boosting oil & gas drilling activities across the globe. This is augmenting demand for oilfield roller chains for transmitting power and pulling objects in tough operating conditions in oil & gas fields. Based on requirement, diverse types of oilfield roller chains such as drive chain, conveyor chain, multi strand chain, etc., are used.
Drive chains move over sprockets where teeth of sprocket link with holes present in the roller chain. Conveyor chains are used to move products/equipment in and out of the hole through the drilling line. Multi strand chains, on the other hand, are mainly used to transmit maximum power to the equipment. Surging oil & gas consumption across the globe is increasing rig count and this is anticipated to drive growth in global roller chain market through 2022.
Over the last few years, United States and Canada have emerged as the major demand generators for roller chains, as these countries are the key centers for shale gas developments backed by factors such as accessible formations, large proven reserves and availability of advanced drilling & fracturing technologies and infrastructure.
- ARK ENGINEERING WORKS
- DAIDO KOGYO CO., LTD.
- Diamond Chain Company, Inc.
- Emerson Bearing Company
- Flowtools Middle East LLC
- Fördertechnik Kentzler GmbH
- Hale Brothers, Inc
- Hengjiu Group
- Jereh Global Development LLC
- Joh. Winklhofer Beteiligungs GmbH & Co. KG
- Renold plc
- Rexnord Corporation
- Rombo Chain
- Sugiyama Chain Co., Ltd.
- Tsubakimoto Chain Co.
- Zhejiang Gidi Industrial Chain Co., Ltd.
Key Topics Covered:
1. Product Overview
2. Research Methodology
3. Analyst View
4. Global Oilfield Roller Chain Market Outlook
5. North America Oilfield Roller Chain Market Outlook
6. Europe Oilfield Roller Chain Market Outlook
7. Middle East & Africa Oilfield Roller Chain Market Outlook
8. Asia-Pacific Oilfield Roller Chain Market Outlook
9. South America Oilfield Roller Chain Market Outlook
10. Market Dynamics
11. Market Trends & Developments
12. Competitive Landscape
13. Strategic Recommendations
For more information about this report visit http://www.researchandmarkets.com/research/vrgbwb/global_oilfield
Research and Markets
Laura Wood, Senior Manager
For E.S.T Office Hours Call +1-917-300-0470
For U.S./CAN Toll Free Call +1-800-526-8630
For GMT Office Hours Call +353-1-416-8900
U.S. Fax: 646-607-1907
Fax (outside U.S.): +353-1-481-1716
To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/research-and-markets---oilfield-roller-chain-market-to-reach-430-million-by-2022---key-vendors-are-timken-rexnord-daido-kogyo-tsubakimoto-chain-jereh--renold-300444094.html
SOURCE Research and Markets