CK Hutchison Launches Arbitration After Panama Court Revokes Canal Port Licences 
Nvidia, ByteDance, and the U.S.-China AI Chip Standoff Over H200 Exports 
TrumpRx Website Launches to Offer Discounted Prescription Drugs for Cash-Paying Americans 
SoftBank Shares Slide After Arm Earnings Miss Fuels Tech Stock Sell-Off 
Prudential Financial Reports Higher Q4 Profit on Strong Underwriting and Investment Gains 
TSMC Eyes 3nm Chip Production in Japan with $17 Billion Kumamoto Investment 
Once Upon a Farm Raises Nearly $198 Million in IPO, Valued at Over $724 Million 
Instagram Outage Disrupts Thousands of U.S. Users 
Toyota’s Surprise CEO Change Signals Strategic Shift Amid Global Auto Turmoil 
SpaceX Pushes for Early Stock Index Inclusion Ahead of Potential Record-Breaking IPO 
Rio Tinto Shares Hit Record High After Ending Glencore Merger Talks 
Global PC Makers Eye Chinese Memory Chip Suppliers Amid Ongoing Supply Crunch 
Weight-Loss Drug Ads Take Over the Super Bowl as Pharma Embraces Direct-to-Consumer Marketing 
Tencent Shares Slide After WeChat Restricts YuanBao AI Promotional Links 
Uber Ordered to Pay $8.5 Million in Bellwether Sexual Assault Lawsuit 
FDA Targets Hims & Hers Over $49 Weight-Loss Pill, Raising Legal and Safety Concerns 
Sony Q3 Profit Jumps on Gaming and Image Sensors, Full-Year Outlook Raised 
Dublin, Nov. 30, 2015 (GLOBE NEWSWIRE) -- The Global Downhole Drilling Tools market to grow at a CAGR of 10.20% over the period 2014-2019.
Global Downhole Drilling Tools Market 2015-2019, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the Global Downhole Drilling Tools market landscape and its growth prospects in the coming years. The report includes a discussion of the key vendors operating in this market.
One of the major trends is the advances in technology to improve the efficiency and effectiveness of drilling tools. Advances in drilling technology will significantly increase efficiency, control, and monitoring of the well. Moreover, market vendors are increasing their investments in R&D, which is likely to improve reliability and efficiency of downhole drilling tools.
According to the report, increased demand for oil and gas worldwide is one of the major growth drivers, which requires large investments in advanced technologies to increase efficiency of drilling activities. The growing demand for oil and gas will drive large investment in state-of-the-art technology to increase efficiency of downhole drilling tools, ensuring oil production.
Further, the report states that one of the major challenges in the market is the availability of non-conventional and renewable sources of energy. With the advent of peak oil theory, oil crisis, finite nature of oil and gas supplies, and rising environmental and human health concerns, renewable and sustainable sources of energy have gained momentum, thus hindering the growth of the Global Downhole Drilling Tools market.
The commonly used downhole drilling tools are categorized in the following:
- Cementing tools
- Tubulars
- Drill bits
- Miscellaneous downhole tools
- Downhole motors
- Deflection tools
- Impact tools
- Coiled tubing drilling tools
- Fishing tools
- Drill stem testing tools
Key Vendors
- Halliburton
- National Oilwell Varco
- Schlumberger
- Weatherford
Other Prominent Vendors
- American Oilfield Tools
- Bilco Tools
- Logan Oil Tools
- Magnum Oil Tool International
- Oil Tools International Services
- Schoeller Bleckmann Oilfield Equipment
- Wenzel Downhole Tools
For more information visit http://www.researchandmarkets.com/research/tvcpg2/global_downhole
CONTACT: Research and Markets Laura Wood, Senior Manager [email protected] For E.S.T Office Hours Call 1-917-300-0470 For U.S./CAN Toll Free Call 1-800-526-8630 For GMT Office Hours Call +353-1-416-8900 U.S. Fax: 646-607-1907 Fax (outside U.S.): +353-1-481-1716 Sector: Oil and Gas Exploration and Production
