The Global Positive Displacement Motor Market is forescasted to grow at a CAGR of 7.32% during the period 2019-2023
NEW YORK, Oct. 29, 2018 /PRNewswire/ --
About Positive Displacement Motor
Positive displacement motors are used as a steerable technology in directional drilling. These motors convert the fluid flow inside the equipment into rotational energy which is used to power the drill bits at high rpm.
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Technavio's analysts forecast the global positive displacement motor market to grow at a CAGR of 7.32% during the period 2019-2023.
Covered in this report
The report covers the present scenario and the growth prospects of the global positive displacement motor market for 2019-2023. This market research report offers a comprehensive analysis of the market segmentation by application (onshore, and offshore).
The market is divided into the following segments based on geography:
• Americas
• APAC
• EMEA
Technavio's report, Global Positive Displacement Motor Market 2019-2023, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
Key vendors
• Halliburton
• MATRRIX Energy Technologies
• Nabors Industries
• Schlumberger
• Weatherford
Market driver
• Rising investments in shale oil and gas
• For a full, detailed list, view our report
Market challenge
• Change in energy mix
• For a full, detailed list, view our report
Market trend
• Consolidation of oilfield services
• For a full, detailed list, view our report
Key questions answered in this report
• What will the market size be in 2023 and what will the growth rate be?
• What are the key market trends?
• What is driving this market?
• What are the challenges to market growth?
• Who are the key vendors in this market space?
You can request one free hour of our analyst's time when you purchase this market report. Details are provided within the report.
Read the full report: https://www.reportlinker.com/p05604023
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