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Increasing E&P activities on account of increasing energy demand is expected to remain a key driving factor for global oil and gas drill bit market over the forecast period. Shift in trend towards developing unconventional reserves such as tight gas, shale and CBM is also expected to have a positive influence on the market growth. The Global Oil and Gas Drill Bit Market is expected to reach USD 7.62 billion by 2022, according to a new report by Grand View Research, Inc. Hydrocarbon extraction from these reserves requires highly durable bit with improved performance and rate of penetration (ROP). Roller-cone bit were the largest product segment accounted for over 70% of total market volume in 2014. Roller-cone downhole components particularly those fabricated from tungsten carbide inserts are designed to operate in conventional formations and offer excellent rate of penetration (ROP) in initial stage of drilling. To Know More About Oil and Gas Drill Bit Market Please Visit Us

Growing drilling and completion activities for shale gas in the U.S. and Canada is expected to drive market growth over the next six years. In, addition advent of multiple stage fracturing resulting in higher consumption of proppants per stage is expected augment demand over the forecast period. Global Proppants Market is expected to reach 96.03 million tons by 2020, according to a new study by Grand View Research, Inc. In addition, large technically recoverable shale gas reserves in China, Australia, Algeria and Russia is expected to promote market growth. Sand was the largest product segment accounting for over 75% of market share in 2013. Sand is expected to witness demand growth owing to its low cost and high availability in comparison to other proppants. To Know More About Proppants Market Please Visit Us @ https://www.grandviewresearch.com/industry-analysis/proppants-market Ceramic proppants are expected to witness significant demand growth over the next six years on accoun

Horizontal and directional drilling activities are expected to drive revenue growth over the forecast period. In these processes, the well is turned horizontal or to a specific target or location. The European Oilfield Equipment Market is expected to reach USD 18.71 billion by 2022, according to a new report by Grand View Research, Inc. These flexible drilling techniques have already emerged as a separate growth industry in North America and are now expected to gain importance in other regions including Europe. Declining crude oil prices have been a major factor inhibiting the regional oilfield equipment market in the recent past. Stable crude oil prices in the near future is expected to help in oilfield equipment industry’s recovery To Know More About Europe Oilfield Equipment Market Please Visit Us @ https://www.grandviewresearch.com/industry-analysis/europe-oilfield-equipment-market Drilling segment was the leading product segment with revenue share exceeding 65% in 2014. Key

Continuous technological advancements in tools for better performance, improved recovery rate, and higher production is expected to drive the global industry demand over the forecast period. The Global Oilfield Equipment Market size is expected to reach USD 127.6 billion by 2020, according to a new report by Grand View Research, Inc. Advancements in drilling techniques such as horizontal and directional drilling are expected to further boost the overall market demand in future. Drilling equipment accounted for a share of 73.65% of the overall market revenue in 2013. The product segment is expected to grow at a CAGR of 4.2% from 2014 to 2020. To Know More About Oilfield Equipment Market Please Visit Us @ https://www.grandviewresearch.com/industry-analysis/oilfield-equipments-market Onshore operations majorly involve use of enhanced machines and huge number of tools for better results. Others include tools and machines which are used before transportation activities. The segment is

This can be attributed to the potential increase in recoverable resources and increased production & exploration. Increase in crude oil prices is estimated to result in rise in investments for exploration & production activities leading to significant new projects across the globe, which is expected to positively impact industry growth. The Global Wireline Logging Service Market was valued at over USD 16 billion in 2014, according to a new study by Grand View Research, Inc. Technological advancements have broadened service offerings by oil & gas field service providers and improved industry efficiency. Several new technologies such as drill ships and Floating, Production, Storage, and Offloading (FPSO) vessels have enabled wells to be drilled in increasingly deep water. Additionally, the new reservoir conditions including high temperature, ultra-deep water, and high pressure require advanced logging tools and services. The aforementioned factors are projected to driv

Increasing exploration and production, coupled with stringent regulations regarding pipeline specific processed fluids are expected to drive industry demand. Installation of several on-site and off-site processing facilities, particularly in Canada, Mexico, Russia and Indonesia has seen a surge in separation equipment demand in recent times. Global Oil & Gas Separation Equipment Market size is expected to reach USD 8.82 billion by 2022, according to a new report by Grand View Research, Inc. Technology innovation to manage complex processing setbacks adhering to international standards coupled with all the aforementioned factors are expected to drive global oil & gas separation equipment industry. Three-phase separators emerged as the highest grossing product segment and accounted for 40.8% of total revenue in 2014. The segment is also anticipated to witness the fastest growth over the next seven years owing to added advantages in terms of optimum pressure and liquid seali

The growing mining industry and the need for energy efficient solutions worldwide are expected to contribute to the revenue growth. The High Pressure Grinding Roller (HPGR) Market is expected to reach USD 387.3 million by 2022, according to a new study conducted by Grand View Research, Inc. According to Coalition for Eco-Efficient Comminution (CEEC), crushing and grinding consume around 53% of the total energy used by mining sites, which accounts for over 10% of the overall mining cost. In addition to this, mining companies are shifting their focus toward remote areas as accessible mineral reservoirs are on the verge of extinction. These remote areas have limited resources including energy, infrastructure, and labor, thus increasing the need for efficient comminution solutions. The high energy requirements and rising electricity costs worldwide are also compelling industry players to lower their consumption level in order to cut costs. The growth of the cement and mineral industr

The growth of the construction sector in various countries including India, China, Thailand, Saudi Arabia, UAE, Thailand and Malaysia in light of urbanization, population growth, and government infrastructure development initiatives is expected to promote the foundation activity. Rising wind farms are likely to augment industry growth over the next eight years. The Global Piling Machine Market is expected to reach USD 6.47 billion by 2024, according to a new report by Grand View Research, Inc. Increasing product usage in residential premises, commercial structures, manufacturing facilities, drilling platforms, mining bases, wind farms, solar power plants, and power transmission plants will propel industry growth over the forecast period. Moreover, rapid expansion in transport, water, energy, social infrastructure, hospitals, schools, government accommodation, defense infrastructure, and natural resources will create immense market potential over the forecast period. To Know More

The Global Explosives Market is expected to grow significantly over the forecast period on account of increasing use of the product in construction and mining activities. The Global Explosives Market is expected to reach USD 31.95 billion by 2024, according to a new report by Grand View Research, Inc. Rising number of projects for infrastructure development in Asia Pacific is expected to drive the demand for explosives as a blasting agent. Increasing government spending for infrastructure development in Asia Pacific and the Middle East on account of increasing domestic output is expected to play a significant role in amplifying construction activities in these regions. To Know More About Explosives Market Please Visit Us @ https://www.grandviewresearch.com/industry-analysis/explosives-pyrotechnics-market In 2013, Asia Pacific contributed to approximately 44% of the total global construction spending, an increase of 4% from the previous year. Also, the development of new construct

Rising product use as anti-scalants in applications such as foundry sands and water treatment will augment market growth over the next eight years. The Global Bentonite Market size is expected to reach USD 1.93 billion by 2024, according to a new report by Grand View Research, Inc. The increasing use of bentonite in iron ore pelletizing, pet litter, drilling mud, civil engineering and refining applications will fuel the product demand. Rising application scope of bentonite as a bonding agent in non-ferrous and ferrous foundries is expected to propel product growth over the forecast period. Sodium bentonite is employed as a key constituent of drilling fluids for boring holes of small diameter in environmental monitoring wells, and mineral exploration. Furthermore, it is used in horizontal directional drilling as lubricants to place pipelines and utility cables under highways, streets, buildings & environmentally sensitive areas without disruptive surface trenching. The growth

Increasing product energy use pumps for the extraction and transport of oil and natural gas is expected to have a positive impact on the market per the next nine years. High crude oil prices will fuel the energy sector's revenue, thereby resulting in more demand for the product. The Global Industrial Pumps Market is expected to reach USD 88.43 billion by 2025, according to a new report by Grand View Research, Inc. Government of India has passed Petroleum Chemicals Petrochemicals Investment Region (PCPIR) policy intended for promoting FDI investments in oil & gas sector. This regulatory move is expected to result in increasing production of petrochemicals and polymers in India, thus fueling industrial pump demand over the forecast period. Technological advancement in enhanced oil recovery and deploying hydraulic fracturing activities in Russia and Ukraine are expected to increase availability of tight oil and shale gas which in turn will have a positive impact on the indus

Globally, declining oil production and increasing number of exploration & production activities are anticipated to drive the market growth in the next eight years. In addition, a shift in the trend for developing unconventional oil blocks globally, will boost the market demand. The Global Coiled Tubing (CT) Market is expected to reach USD 4.9 billion by 2025, according to a new report by Grand View Research, Inc. Regulations in countries enhancing exploration & production activities will be a supporting factor for the market growth. Favorable initiatives by Chinese and the U.S. governments in the form of relaxed provision of FDI, tax incentives, and other financial aids is estimated to back up the industry growth. However, public concerns and several bans concerning harmful impacts of the technology mainly in countries such as South Africa, France, Tunisia, Romania, and Bulgaria are anticipated to remain key challenges for the industry players over the next few years. To

Increasing oil and gas production and exploration from the offshore fields rather than the onshore and the rising development of shale drilling regions for sustainable growth in future is expected to drive the demand for offshore mooring market. The Global Offshore Mooring Systems Market is expected to reach USD 1.32 billion by 2025, according to a new report by Grand View Research, Inc. Innovation of new technologies for development of new systems in order to cater to the increasing complexity of offshore platforms along with maximum cost cutting is the major trend in the industry. The industry players are focusing on developing driverless latching systems in order to increase safety level during operations. Spread systems were the largest product type while accounting for over 32% market revenue in 2016. These systems are majorly utilized in a wide range of applications such as mobile offshore drilling units (MODU) to the ships with catenary type being the major product categor

Globally increasing onshore and offshore drilling activities are the major factor driving the market growth. Rising oil spill incidents from past five years along with strict environmental regulations are anticipated to remain a key factor for the global market. The Global Oil Spill Management Market is expected to reach USD 177.63 billion by 2025, according to a new report by Grand View Research, Inc. Moreover, increase in the marine oil & gas transportation globally is also projected to have a positive impact on market growth. Stringent government regulations are formed particularly in the Europe and North America for installing safety devices & technologies during drilling and transportation of crude oil. This has resulted in the growth of market regions. The increase in the pipeline and tanker transportation of petroleum products is also anticipated to increase the growth for various oil spill management technologies. In addition, increasing investment in R&D acti

Development of new oilfields has been a major factor driving market growth. Employment of well intervention services has increased owing to the growing need for energy. The Global Well Intervention Market is expected to reach USD 17.76 billion by 2025, according to a new report by Grand View Research, Inc. Well intervention services have various uses in drilling operations including, monitoring pressure & temperature at the reservoir. It is also utilized for transporting fluids and gasses to and fro the reservoir, stimulating the well and making it ready for production by increasing the flow of hydrocarbons, and isolating desired sections by means of annular seals. Well intervention services are utilized extensively for E&P activities and well cleanup purposes. Monitoring of various activities in the well reservoir, and the ongoing operations, including, perforations, radioactivity, temperature, cementing, noise, plug and packer settings, have become of utmost importance;

Increasing demand from automotive industry has been a key factor driving market growth, globally. In addition, robust growth in various application industries such as electronics, defense, marine, construction and aerospace is also fueling the demand. The Global Metal Cutting Machine Market is expected to reach USD 9.79 billion by 2025, according to a new report by Grand View Research, Inc. Automotive segment held the largest market share in 2016 owing to a wide-scale usage of the product in wide range of exterior and interior components of automotive such as passenger cars, SUV’s, and HUV’s. The robust growth in automotive industry across the world is further driving the segment growth. MCMs are witnessing an increasing demand, which is anticipated to spur at a faster pace on account of the rising need for advanced automatic machines to increase production efficiency and avoid operator’s hazardous issues. Laser machine accounted as the largest product segment in 2016 and is anti