$4.5 Billion PDC Drill Bits Market by Type, Size of PDC Cutter, Number of Blades and Region - Global Forecast to 2023 - ResearchAndMarkets.com
The "PDC
Drill Bits Market by Type (Matrix Body and Steel Body), Size of PDC
Cutter (Less than 9 mm, 9-14 mm, 15-24 mm, and Above 24 mm), Number of
Blades (Less than 6, 6-10, and Above 10), and Region - Global Forecast
to 2023" report has been added to ResearchAndMarkets.com's
offering.
The PDC drill bits market is projected to reach USD 4.54 billion by
2023, growing at a CAGR of 4.41% from 2018 to 2023
The growth of the PDC drill bits market can be attributed to an increase
in oil & gas drilling activities across the world. Increasing focus on
renewable energy by governments of many countries is the major challenge
faced by the players in this market.
The matrix body segment is estimated to grow at the highest CAGR in the
PDC drill bits market during the forecast period. The increase in the
global oil & gas well drilling has accentuated the need for drill bits.
Since after the financial crunch in oil & gas, a majority of the
operators are looking for an advanced technology that can drill a well
at a higher Rate of Penetration (ROP) in less down-time cost.
The US is estimated to be the fastest-growing market for PDC drill bits
during the forecast period. The market growth in the region can be
attributed to the recent developments in the oil & gas drilling activity
in the US, Canada, and Mexico. The increase in the shale gas exploration
& production is also likely to boost the demand for PDC drill bits in
the region during the forecast period.
Key Topics Covered:
1 Introduction
2 Research Methodology
3 Executive Summary
4 Premium Insights
5 Market Overview
6 PDC Drill Bits Market, By Type
7 PDC Drill Bits Market, By Size of PDC Cutter
8 PDC Drill Bits Market, By Number of Blades
9 PDC Drill Bits Market, By Region
10 Competitive Landscape
11 Company Profile
-
Schlumberger
-
Baker Hughes (A Ge Company) Bhge
-
Halliburton
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NOV
-
Varel
-
Atlas Copco
-
Drill Master International
-
Rubicon Oilfield International
-
Sichuan Chuanshi Diamond Bit
-
Shear Bits
-
Torquato
-
Ulterra
-
Volgaburmash
-
Western Drilling Tools
-
YPP
For more information about this report visit https://www.researchandmarkets.com/research/wch2lw/4_5_billion_pdc?w=4
View source version on businesswire.com: https://www.businesswire.com/news/home/20180524006204/en/
Copyright Business Wire 2018
Source: Business Wire
(May 24, 2018 - 2:44 PM EDT)
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