Drilling Tools Market Growth Analysis, Worldwide Trends, and Top Players, 2022

The report "Drilling Tools Market by Type (Drill Bits, Drilling Tubulars, Drilling Motors, Drill Reamers and Stabilizers, Drill Collars, Drill Jars, Drill Swivels, Mechanical Thrusters), Application (Onshore and Offshore), and Region - Global Forecast to 2022", The drilling tools market is expected to grow from an estimated USD 6.83 Billion in 2017 to USD 8.61 Billion by 2022, at a CAGR of 4.75%, from 2017 to 2022. This market growth worldwide is driven by the increased drilling activities and the development of unconventional hydrocarbon resources.

                                                                           

Browse 77 Tables and 30 Figures spread through 124 Pages and in-depth TOC on "Drilling Tools Market - Global Forecast to 2022"

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Onshore application segment is expected to hold the largest share of the drilling tool market, by application, during the forecast period.

Onshore segment is expected to be the largest market for drilling tools, by application, in 2017. Approximately 70% of the total oil and gas production in the world takes places at onshore fields. These fields are easier to operate from an exploration perspective and require less capital investment as compared to offshore fields. Formations in onshore wells are more stable during the drilling process than those in offshore. Market demand for drilling tools from onshore segment is also the fastest-growing. US and China with vast onshore reserves present ample market opportunities in this onshore segment.

North America is expected to be the fastest-growing drilling tools market.

In this report, drilling tools market has been analyzed with respect to 6 regions, namely, North America, Europe, Asia Pacific, Middle East, Africa, and South America. North America is expected to be the largest and the fastest-growing market, by region, during the forecast period. Increasing shale gas production and energy reforms of respective countries would drive the growth of the drilling tools in the region. Asia Pacific is expected to be the second fastest-growing market for drilling tools.

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To enable an in-depth understanding of the competitive landscape, the report includes the profiles of some of the top players in the drilling tools market including Schlumberger (US), Halliburton (US), Weatherford (Switzerland), Baker Hughes GE (US), and National Oilwell Varco (US).

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MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

MarketsandMarkets’s flagship competitive intelligence and market research platform, "Knowledgestore" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.

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MarketsandMarkets™ INC.
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Permanent Magnet Motor Market 2018 Future Growth Explored in Latest Research Report by 2023

The report "Permanent Magnet Motor Market by Type (PMAC, PMDC, and Brushless DC), Power Rating (Up to 25 kW, 25–100 kW, 100–300 kW, and 300 kW & Above), End-User (Industrial, Commercial & Residential, and Healthcare), and Region - Global Forecast to 2023", The permanent magnet motor market is expected to grow from an estimated market size of USD 29.50 Billion in 2018 to USD 45.13 Billion by 2023, at a CAGR of 8.87%, from 2018 to 2023. The global market is set to witness a significant growth because of the increasing implementation of permanent magnet motors across industries. Growing robotics technology presents a significant opportunity for the permanent magnet motor market.

                                                                           

Browse 65 market data Tables and 40 Figures spread through 137 Pages and in-depth TOC on "Permanent Magnet Motor Market - Global Forecast to 2023"

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Permanent Magnet AC Motor: The largest segment, by type, during the forecast period

The permanent magnet AC motor segment is expected to hold the majority share of the permanent magnet motor market during the forecast period. Growing investment in consumer electronics and government initiatives to promote the use of energy-efficient motors are the major factors driving the permanent magnet motor market in the Asia Pacific region. The Asian market players, such as Yaskawa, Nidec, Toshiba Corporation, and Johnson Electric are involved in the manufacturing of permanent magnet AC motors. These factors have resulted in the highest market share of the permanent magnet AC motor segment in the permanent magnet motor market.

Scope of the Report:

By Type

• Permanent Magnet Alternate Current Motor (PMAC)
• Permanent Magnet Alternate Direct Motor (PMDC)
• Brushless DC

By Power Rating

• Up to 25 kW
• 25–100 kW
• 100–300 kW
• 300 kW & Above

By End-User

• Industrial
• Commercial & Residential
• Healthcare
• Others

By Region

• Asia Pacific
• North America
• Europe
• South America
• The Middle East & Africa

The up to 25 kW segment accounts for the largest share of the permanent magnet motor market, by power rating, during the forecast period

The up to 25 kW segment is expected to be the largest market, by power rating, from 2018 to 2023. The factors driving the market for permanent magnet motors ranging up to 25 kW include vast implementation of these permanent magnet motors in textile, pulp & paper, medical devices, aerospace, robotics, window shutters, air conditioners, door shutters, and electrical vehicles.

Asia Pacific: The fastest-growing market for permanent magnet motor

In this report, the permanent magnet motor market has been analyzed on the basis of five regions, namely, Asia Pacific, North America, Europe, and the Middle East & Africa. The permanent magnet motor market in Asia Pacific is driven by countries such as China, India, Japan, and Australia. Asia Pacific has economies with increasing industrial & manufacturing sectors, automotive, consumer electronics, chemicals and processing, and paper & pulp. The demand for permanent magnet motors in these sectors is driven by rapid industrialization, rising population, and urbanization. Countries such as China and Japan have implemented energy efficiency standards to save electricity consumption. This drives the market for permanent magnet motors. Governments of major economies in Asia Pacific promote the use of energy-efficient motors in order to save electricity. This drives the market for permanent magnet motors in Asia Pacific.

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To enable an in-depth understanding of the competitive landscape, the report includes the profiles of some of the key players in the permanent magnet motor market. These include GE (US), Siemens (Germany), ABB (Switzerland), Toshiba Corporation (Japan), and Emerson (US). The leading players are trying to establish themselves in the markets in developing economies and are adopting various strategies to increase their market shares.

About MarketsandMarkets™

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

MarketsandMarkets’s flagship competitive intelligence and market research platform, "Knowledgestore" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.

Contact:
Mr. Ashish Mehra
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA : 1-888-600-6441
newsletter@marketsandmarkets.com

Flame Arrestors Market to Witness Comprehensive Growth by 2023

The report "Flame Arrestors Market by Type (In-Line and End-of-Line), Application (Storage Tank, Pipeline, Incinerator, Ventilation System), End-user (Oil & Gas, Chemical, Pharmaceutical, Waste-to-Energy Plant), and Region - Global Forecast to 2023" The global flame arrestors market is estimated to reach USD 713.8 million in 2018 and is projected to reach USD 924.7 million by 2023, at a CAGR of 5.31% during the forecast period. The market is set to grow because of the stringent safety norms and regulations in industries, such as the US Coast Guard Regulations and EU’s TRCI (Tank Farm Guidelines for Chemical Industries) which have mandated the installation of flame arrestors for storage of combustible materials.

                                                                           

Browse 80 market data Tables and 28 Figures spread through 116 Pages and in-depth TOC on "Flame Arrestors Market - Global Forecast to 2023"

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The storage tank segment is expected to hold the largest share of the flame arrestors market, by application, during the forecast period.

Storage tanks used for storing combustible liquids such as crude oil, gasoline, aviation fuel, and LNG require safety instrumentation equipment for prevention of hazards like fire and explosions. Flame arrestors are an intrinsic part of a storage tank safety system, and several regulations mandate the installation of flame arrestors at the end of the tank vents. The segment is expected to be driven by the rising investments in the refinery expansions and petrochemical and pharmaceutical industries in the Asia Pacific. The shale gas and tight oil boom in North America and China are further contributing to the growth as new storage terminals emerge in these regions.  

The report’s target audience includes:

·         Flame arrestors companies

·         Oil & gas storage terminals

·         Refineries

·         Health, Environment & Safety (HSE) consultants

·         Engineering and procurement companies in the oil & gas and chemical sector

·         Government and research organizations

·         Consulting companies

The in-line segment is expected to dominate the flame arrestors market, by type, in 2018.

In-line flame arrestors are bi-directional flame arrestors installed between pipelines or vents. They are mainly used for the prevention of flame traveling through the pipe in case of accidental ignition. In-line flame arrestors are further categorized as detonation arrestors and deflagration arrestors. Detonation arrestors are an important component of safety instrumentation for facilities and storages where highly combustible substances such as gasoline, propane, LNG, ethyl alcohol, and aviation fuel are stored. The stringent safety norms in industries such as EU’s TRCI (Tank Regulation for Chemical Industry) and US Coast Guard Regulations for storage terminals have resulted in the rising demand for detonation arrestors which is driving the market for the in-line segment.

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Asia Pacific: Expected to be the leading market for flame arrestors during the forecast period.

The flame arrestors market has been analyzed with respect to 6 regions, namely, North America, Europe, the Asia Pacific, South America, the Middle East, and Africa. The market in the Asia Pacific is expected to lead the flame arrestors market, by region. This region is witnessing rapid economic growth and large investments in sectors such as oil & gas refineries, chemicals & petrochemicals, pharmaceutical, and manufacturing. This has resulted in an increased demand for industrial safety equipment such as flame arrestors. Shale gas and tight oil extraction in China has also resulted in an increased number of storage tank farms and terminals, thus driving the market for the region.  

To enable an in-depth understanding of the competitive landscape, the report includes the profiles of some of the top players in the flame arrestors market. These include Emerson (US), Braunschweiger Flammenfilter (Germany), BS&S (US), Elmac Technologies (UK), and Tornado Combustion Technologies (US). The leading players are trying to understand the markets in developing economies and are adopting various strategies to increase their market shares.

About MarketsandMarkets™

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

MarketsandMarkets’s flagship competitive intelligence and market research platform, "Knowledgestore" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.

Contact:
Mr. Aashish Mehra
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA : 1-888-600-6441
newsletter@marketsandmarkets.com