The global PDC drill bits market in oil and gas industry to grow at a CAGR of 4.36% during the period 2018-2022.
Global PDC Drill Bits Market in Oil and Gas Industry 2018-2022, 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. To calculate the market size, the report considers the revenue generated by the sales of PDC drill bits in the oil and gas industry.
The latest trend gaining momentum in the market is the rising investments in renewable energy. The share of renewable energy in the energy mix is growing rapidly across the world due to the depletion of fossil fuel reserves and increasing focus on the environment.
According to the report, one of the major drivers for this market is the increased use of horizontal and multilateral wells. PDC drill bits are most commonly used for conventional and unconventional drilling operations.
Further, the report states that one of the major factors hindering the growth of this market is the uncertainities associated with low crude oil prices. Any fluctuations in crude oil prices will affect the performance of many upstream companies.
Key questions answered in this report
What will the market size be in 2022 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?
National Oilwell Varco
Key Topics Covered:
PART 01: EXECUTIVE SUMMARY
PART 02: SCOPE OF THE REPORT
PART 03: RESEARCH METHODOLOGY
PART 04: MARKET LANDSCAPE
Market segmentation analysis
PART 05: MARKET SIZING
Market sizing 2017
Market size and forecast 2017-2022
PART 06: FIVE FORCES ANALYSIS
Bargaining power of buyers
Bargaining power of suppliers
Threat of new entrants
Threat of substitutes
Threat of rivalry
PART 07: MARKET SEGMENTATION BY APPLICATION
Segmentation by application
Comparison by application
Onshore - Market size and forecast 2017-2022
Offshore - Market size and forecast 2017-2022
Market opportunity by application
PART 08: MARKET SEGMENTATION BY PRODUCT
Segmentation by product
PART 09: CUSTOMER LANDSCAPE
PART 10: REGIONAL LANDSCAPE
Americas - Market size and forecast 2017-2022
EMEA - Market size and forecast 2017-2022
APAC - Market size and forecast 2017-2022
Key leading countries
PART 11: DECISION FRAMEWORK
PART 12: DRIVERS AND CHALLENGES
PART 13: MARKET TRENDS
Rising investments in renewable energy
New oil and gas discoveries
Integration of drill bits in bottom hole assemblies