Global Wired Drill Pipe Market 2024-2028

Global Wired Drill Pipe Market 2024-2028

Global Wired Drill Pipe Market 2024-2028

The wired drill pipe market is forecasted to grow by USD 226.6 mn during 2023-2028, accelerating at a CAGR of 4.02% during the forecast period. The report on the wired drill pipe market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.

The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by rise in unconventional oil and gas resources, increase in global offshore rig count, and increase in energy demand.

Technavio's wired drill pipe market is segmented as below:

• By End-user
• Onshore
• Offshore
• By Geographical Landscape
• North America
• Europe
• APAC
• Middle East and Africa
• South America

This study identifies the declining cost of raw materials as one of the prime reasons driving the wired drill pipe market growth during the next few years. Also, growing demand for new-generation automated drilling rigs and increasing use of natural gas in transportation sector will lead to sizable demand in the market.

The report on the wired drill pipe market covers the following areas:

• Wired drill pipe market sizing
• Wired drill pipe market forecast
• Wired drill pipe market industry analysis

The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading wired drill pipe market vendors that include Baker Hughes Co., DP-Master Manufacturing Pte Ltd. , Halliburton Co., Hilong Group of Companies, Hunting Plc, NOV Inc., TMK, Schlumberger Ltd., Tejas Tebular Products Inc., and Texas Steel Conversion Inc.. Also, the wired drill pipe market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.

The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast the accurate market growth.