Wired Drill Pipe Market Research Report- Forecast to 2027

Global Wired Drill Pipe Market Information Report, By Location (Onshore, Offshore), By Component Type (Telemetry, Electrical Conductors, Electrical Transmitters, Pressure sensors and Others), By Application (Data Collection, Managed Pressure Drilling, Wellbore integrity in Deep Ultra-Depleted Reservoirs) and By Region - Global Forecast To 2027

ID: MRFR/E&P/2699-HCR | February 2021 | Region: Global | 100 pages

Please note that the assessment period of report has been updated from 2018-2023 to 2020-2027. Cordially fill Sample form for updated data.

Market Scenario:


North-America’s Oil & Gas Drilling Activity holds about 40% of the world’s current drilling activity. The exploration of new shale oil & gas in this region is on the verge of phenomenal growth with conventional & modern Drilling Methods. Many aging oil rigs in North America utilize the conventional drilling methods and data processing units which consume substantial time to generate the data and transmit it to the operators, this results into lower productivity and high operational time. Thus, the implementation of modern Drilling Technique by the application of Wired Drill Pipe Technology is the necessity of current market in North America, so as to obtain precise data from the oil & gas rigs and explore more oil & gas at low capital cost.


The growing oil & gas exploration around the world, with the continuous need of meticulous real time data from the wellbore, is driving the market for the Wired Drill Pipe. Wired Drill Pipe Market is segmented on the basis component type, such as telemetry, electrical conductors, electrical transmitters and pressure sensors, which fetch the real time enhanced data for applications, namely, data collection, managing pressure and checking integrity of wellbore operations.


Wired Drill Pipe Market is segmented on the basis of location into onshore and offshore, to enable data recording and sensor reports for drill operations. The overall fast assessment of transmitted data results into lower downtime of rig and enables drilling time reduction by almost 3 days/well, which ultimately reduces the operational cost and increase the overall capital generated from the rig. All these factors constitute towards the growth of Wired Drill Pipe Market during the forecast period. However, high initial capital cost for setup and overall modification or replacement of the existing drill pipe will restrain the growth of Wired Drill Pipe Market.


The Wired Drill Pipe Market is expected to reach USD 1.1 Billion by 2023 and is expected to grow at a CAGR of 3.2% during the forecast period.


Global Wired Drill Pipe Technology Market: Segmentation:


Wired Drill Pipe Technology Market


The key players of the Global Wired Drill Pipes Market are Schlumberger Limited (U.S.), The Halliburton Company (U.S.), IntelliServ (NOV) (U.S.), Baker Hughes (U.S.) and Weatherford International PLC (U.S.).


Wired Drill Pipe acts as a multifunctional tool for the current oil & gas rig operators, who utilizes them as to obtain real-time wellbore data which is transmitted at a bandwidth of 57,000 bits/second in a seismic or sonic waveforms. Also, the ability to regulator downhole tools with wired drill pipe is another significant feature. Using the Wired Drill Pipe System, control of tools such as rotary steerable systems, LWD (Logging While Drilling) formation testers and geosteering sensors will allow instantaneous control and ratification of commands, permitting exceptionally precise control of the system. All these factors majorly contributes to the overall operational efficiency of the rig system and thus, maximizing the capital generated from the exploration & production operation.


The report for Global Wired Drill Pipe Market of Market Research Future comprises of extensive primary research along with the detailed analysis of qualitative as well as quantitative aspects by various industry experts, key opinion leaders to gain the deeper insight of the market and industry performance. The report gives the clear picture of current market scenario which includes historical and projected market size in terms of value and volume, technological advancement, macro economical and governing factors in the market. The report provides details information and strategies of the top key players in the industry. The report also gives a broad study of the different market segments and regions.



Frequently Asked Questions (FAQ) :


A CAGR of 3.2% is expected to sustain the market’s development in the forecast period.

A revenue of USD 1.1 Billion is expected to be realized by the market by 2023.

The North American region is estimated to head the market, as it owns a bulk of the market share.

The segments of component type, location, application, and region are estimated to define the market’s growth report better.

The optimization in operations that can lead to the improvement in revenue generated is expected to benefit the market.

Table of Contents:
1 Executive Summary

2 Research Methodology

2.1 Scope of the Study

2.1.1 Definition

2.1.2 Research Objective

2.1.3 Assumptions

2.1.4 Limitations

2.2 Research Process

2.2.1 Primary Research

2.2.2 Secondary Research

2.3 Market size Estimation

2.4 Forecast Model

3 Market Dynamics

3.1 Market Drivers

3.2 Market Inhibitors

3.3 Supply/Value Chain Analysis

3.4 Porter’s Five Forces Analysis

4 Global Wired Drill Pipe Market, By Location

4.1 Introduction

4.2 Onshore

4.3 Offshore

5 Global Wired Drill Pipe Market, By Component type

5.1 Introduction

5.2 Telemetry

5.3 Electrical Conductors

5.4 Electrical Transmitters

5.5 Pressure Sensors

5.6 Others

6 Global Wired Drill Pipe Market, By Application

6.1 Data Collection

6.2 Managed Pressure Drilling

6.3 Wellbore integrity in Deep-Ultra depleted reservoirs

7 Regional Market Analysis

7.1 Introduction

7.2 North America

7.2.1 U.S.

7.2.2 Canada

7.3 Europe

7.3.1 U.K.

7.3.2 France

7.3.3 Germany

7.3.4 Rest of Europe

7.4 Asia-Pacific

7.4.1 China

7.4.2 Japan

7.4.3 India

7.4.4 Rest of Asia-Pacific

7.5 Rest of the World

8 Competitive Analysis

8.1 Introduction

8.2 Competitive Scenario

8.2.1 Market Share Analysis

8.2.2 Market Development Analysis

8.2.3 Product/Service Benchmarking

8.3 Schlumberger Limited (U.S.)

8.3.1 Overview

8.3.2 Product/Service Offering

8.3.3 Strategy

8.4 The Halliburton Company (U.S.)

8.4.1 Overview

8.4.2 Product/Service Offering

8.4.3 Strategy

8.5 IntelliServ (NOV) (U.S.)

8.5.1 Overview

8.5.2 Product/Service Offering

8.5.3 Strategy

8.6 Baker Hughes (U.S.)

8.6.1 Overview

8.6.2 Product/Service Offering

8.6.3 Strategy

8.7 Weatherford International PLC (U.S.).

8.7.1 Overview

8.7.2 Product/Service Offering

8.7.3 Strategy

LIST OF TABLES:

TABLE 1 GLOBAL WIRED DRILL PIPE MARKET, BY LOCATION

TABLE 2 GLOBAL WIRED DRILL PIPE MARKET, BY COMPONENT TYPE

TABLE 2 GLOBAL WIRED DRILL PIPE MARKET, BY APPLICATION

TABLE 3 GLOBAL WIRED DRILL PIPE MARKET, BY REGION

TABLE 4 NORTH AMERICA WIRED DRILL PIPE MARKET, BY COMPONENT TYPE

TABLE 5 NORTH AMERICA WIRED DRILL PIPE MARKET, BY APPLICATION

TABLE 6 U.S. WIRED DRILL PIPE MARKET, BY COMPONENT TYPE

TABLE 7 U.S. WIRED DRILL PIPE MARKET, BY APPLICATION

TABLE 8 CANADA WIRED DRILL PIPE MARKET, BY COMPONENT TYPE

TABLE 9 CANADA WIRED DRILL PIPE MARKET, BY APPLICATION

TABLE 10 EUROPE WIRED DRILL PIPE MARKET, BY COMPONENT TYPE

TABLE 11 EUROPE WIRED DRILL PIPE MARKET, BY APPLICATION

TABLE 12 GERMANY WIRED DRILL PIPE MARKET, BY COMPONENT TYPE

TABLE 13 GERMANY WIRED DRILL PIPE MARKET, BY APPLICATION

TABLE 14 FRANCE WIRED DRILL PIPE MARKET, BY COMPONENT TYPE

TABLE 15 FRANCE WIRED DRILL PIPE MARKET, BY APPLICATION

TABLE 16 U.K. WIRED DRILL PIPE MARKET, BY COMPONENT TYPE

TABLE 17 U.K. WIRED DRILL PIPE MARKET, BY APPLICATION

TABLE 18 REST OF EUROPE WIRED DRILL PIPE MARKET, BY COMPONENT TYPE

TABLE 19 REST OF EUROPE WIRED DRILL PIPE MARKET, BY APPLICATION

TABLE 20 ASIA-PACIFIC WIRED DRILL PIPE MARKET, BY COMPONENT TYPE

TABLE 21 ASIA-PACIFIC WIRED DRILL PIPE MARKET, BY APPLICATION

TABLE 22 ROW WIRED DRILL PIPE MARKET, BY COMPONENT TYPE

TABLE 23 ROW WIRED DRILL PIPE MARKET, BY APPLICATION


LIST OF FIGURES:

FIGURE 1 RESEARCH APPLICATION

FIGURE 2 GLOBAL WIRED DRILL PIPE MARKET: BY COMPONENT TYPE (%)

FIGURE 3 GLOBAL WIRED DRILL PIPE MARKET: BY APPLICATION (%)

FIGURE 4 GLOBAL WIRED DRILL PIPE MARKET: BY REGION

FIGURE 5 NORTH AMERICA WIRED DRILL PIPE MARKET, BY COMPONENT TYPE (%)

FIGURE 6 NORTH AMERICA WIRED DRILL PIPE MARKET, BY APPLICATION (%)

FIGURE 7 EUROPE WIRED DRILL PIPE MARKET, BY COMPONENT TYPE (%)

FIGURE 8 EUROPE WIRED DRILL PIPE MARKET, BY APPLICATION (%)

FIGURE 9 ASIA-PACIFIC WIRED DRILL PIPE MARKET, BY COMPONENT TYPE (%)

FIGURE 10 ASIA-PACIFIC WIRED DRILL PIPE MARKET, BY APPLICATION (%)

FIGURE 11 ROW WIRED DRILL PIPE MARKET, BY COMPONENT TYPE (%)

FIGURE 12 ROW WIRED DRILL PIPE MARKET, BY APPLICATION (%)