The rise exploration activities for both onshore and offshore applications is an important factor augmenting the global borehole enlargement system market size, predicts Fortune Business Insights™ in their recently published report titled, “Borehole Enlargement System Market Size, Share & Industry Analysis, By Application (Onshore, Offshore) and Regional Forecast, 2019-2026.” Borehole enlargement systems help to improve the efficiency of hole-enlargement while drilling by a reduction in the drill string vibration. They are used in applications such as loosely consolidated formations, highly abrasive formations, deepwater wells, and extended intervals drilled with rotary steerable systems. The surging number of directional and horizontal wells, coupled with the need to enlarge boreholes are anticipated to promote the borehole enlargement system market growth in the forecast duration.
Objectives of the Report
The report presents a comprehensive overview of the borehole enlargement system market, primarily emphasizing growth drivers, restraints, interesting insights, and key developments. It also offers details of the market segmentation with leading segments and their market figures including the CAGRs. List of significant players and their key strategies are also listed in the report that will help investors make better decisions and accordingly invest in the market during the forecast period. Besides this, challenges and opportunities and other borehole enlargement system market trends are also presented in the report. For more information on the report, one may log on to the company website.
Key Questions Answered:
• What are the key technological and trends shaping the market?
• What are the key opportunities in the market?
• What are the key companies operating in the market?
• Which company accounted for the highest market share?
• Why Choose Fortune Business Insights?
• What is the market size and growth rate of the global and regional market by various segments?
• What is the market size and growth rate of the market for selective countries?
• Which region or sub-segment is expected to drive the market in the forecast period?
• What Factors are estimated to drive and restrain the Market growth?
Significant Industry Developments of the Borehole Enlargement System Market Include:
July 2017 – DEEPFRAC Deepwater multistage fracturing service was made public by Baker Hughes Inc. This service utilizes patented flow back control technology and multi-position sleeves for eliminating cementing and casing operations. In addition, this technology also helps to simplify the logistics of fluid with the help of multi-position sleeves that are ball activated capable of undergoing installation in open hole wellbores consisting of drilling mud.
July 2017 – A premium version of the Rip Tide radio frequency identification (RFID) drilling reamer was launched by Weatherford International plc. This new drilling reamer incorporates advance cutter technology.
Key Players of the Borehole Enlargement System Market Include:
- Rubicon Oilfield International
- Baker Hughes
- NewTech Services
- National Oilwell Varco
- Drillstar Industries
- Orion Well Services
- Radius Energy Services
- GE company
- Daleel Petroleum LLC
The rising instability in crude oil prices is expected to positively impact the growth of the Borehole Enlargement System Market. Rising privatization and relaxation in the FDI norms are factors enabling growth in the market. Also, governments are heavily investing in power projects, which in turn, may fuel demand for energy and power plants across the globe.
Implementation of advanced Cutter Technology to Set New Bars for Players
Major borehole enlargement system market manufacturers are emphasizing on increasing the exploration activities for both onshore and offshore applications to attract more revenues. Additionally, they are also releasing new versions of drilling reamers for implementing advanced cutter technology.
- By Type
- By Application
- By Geography
The information used is derived from various primary and secondary sources. It also throws light on some of the major players operating in the market. The report studies profiles of these leading companies and their share in the market. It provides insights on some of the strategies adopted by these companies to survive the competition and maintain their stronghold.
- North America (The USA and Canada)
- Europe (UK, Germany, France, Italy, Spain, Russia and Rest of Europe)
- Asia Pacific (China, India, Australia, Southeast Asia and Rest of Asia Pacific)
- Latin America (Brazil, Mexico and Rest of Latin America)
- Middle East & Africa (South Africa, GCC and Rest of the Middle East & Africa)
Major Table of Content for Borehole Enlargement System Market:
- Executive Summary
- Market Dynamics
- Key Insights
- Global Market Analysis, Insights and Forecast 2026
- North America Market Analysis, Insights and Forecast 2026
- Europe Market Analysis, Insights and Forecast 2026
- Asia Pacific Market Analysis, Insights and Forecast 2026
- Middle East and Africa MarketA nalysis, Insights and Forecast 2026
- Latin America Market Analysis, Insights and Forecast 2026
- Competitive Landscape
- Company Profile
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