Aug 16, 2018   SOURCE: BusinessWire

Polycrystalline Diamond Compact (PDC) Drill Bit: Worldwide Markets 2017-2018 to 2026 - Rising Drilling Performances and Increasing Production of Shale Gas - ResearchAndMarkets.com

The "Polycrystalline Diamond Compact (PDC) Drill Bit - Global Market Outlook (2017-2026)" report has been added to ResearchAndMarkets.com's offering.

According to the report, the Global Polycrystalline Diamond Compact (PDC) Drill Bit Market accounted for $3.22 billion in 2017 and is expected to reach $5.19 billion by 2026 growing at a CAGR of 5.4% during the forecast period.

Rising drilling performances and increasing production of shale gas are some of the key factors fuelling the market growth. However, ecological risks and stringent government policies for hydrocarbon based fuel sources are restraining the market.

By type, steel body fixed cutters has witnessed considerable growth in the market. These cutters are made from a high alloy steel. These bits can sometimes be repaired and may be good for multiple runs, depending on the application. Steel body bits are often considered with superior blade stand-off and cutter exposure, thus rising ROP. Steel-body PDC drill bit delivers improved ROP while maintaining precise directional control.

North America is expected to retain its dominance throughout the forecast period. The increasing shale gas production is a major factor for this dominance. This is mainly due to the growing oil & gas industry, coupled with the high demand for petroleum. The U.S. holds the majority of shares in the wireline services, as it is the largest consumer of oil and gas.

Key Topics Covered

1 Executive Summary

2 Preface

3 Market Trend Analysis

4 Porters Five Force Analysis

5 Global Polycrystalline Diamond Compact (PDC) Drill Bit Market, By Size of PDC Cutter

6 Global Polycrystalline Diamond Compact (PDC) Drill Bit Market, By Type

7 Global Polycrystalline Diamond Compact (PDC) Drill Bit Market, By Number of Blades

8 Global Polycrystalline Diamond Compact (PDC) Drill Bit Market, By Location of Deployment

9 Global Polycrystalline Diamond Compact (PDC) Drill Bit Market, By Geography

10 Key Developments

11 Company Profiling

  • Baker Hughes
  • National Oilwell Varco
  • Atlas Copco
  • Rubicon Oilfield International Holdings L.P.
  • Shear Bits
  • Ulterra
  • Schlumberger Limited
  • Halliburton
  • Drill Master International
  • Varel
  • Sichuan Chuanshi Diamond Bit
  • VBM-Group Open Joint-Stock Company
  • Western Drilling Tools Inc
  • Salvatore Torquato
  • YPP
  • Sandvik
  • Weatherford International
  • Landrill Oil Tools Co. Ltd.

For more information about this report visit https://www.researchandmarkets.com/research/xm83l9/polycrystalline?w=4