Asia Pacific Drill Pipe Market Size & Outlook, 2022-2030
Asia Pacific drill pipe market, 2018-2030 (US$M)
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Asia Pacific drill pipe market highlights
- The Asia Pacific drill pipe market generated a revenue of USD 387.5 million in 2022.
- The market is expected to grow at a CAGR of 3.6% from 2023 to 2030.
- In terms of segment, api grade was the largest revenue generating grade in 2022.
- Premium Grade is the most lucrative grade segment registering the fastest growth during the forecast period.
- Country-wise, China is expected to register the highest CAGR from 2023 to 2030.
Asia Pacific data book summary
| Market revenue in 2022 | USD 387.5 million |
| Market revenue in 2030 | USD 512.5 million |
| Growth rate | 3.6% (CAGR from 2022 to 2030) |
| Largest segment | Api grade |
| Fastest growing segment | Premium Grade |
| Historical data covered | 2018 - 2021 |
| Base year for estimation | 2022 |
| Forecast period covered | 2023 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | API Grade, Premium Grade |
| Key market players worldwide | Hilong Holding Ltd, NOV Inc, Tenaris SA, Vallourec SA, TMK Energy Ltd, Superior Drilling Products Inc |
Other key industry trends
- In terms of revenue, Asia Pacific region accounted for 16.1% of the global drill pipe market in 2022.
- Globally, MEA is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 512.5 million by 2030.
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Drill Pipe Market Scope
Drill Pipe Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Asia Pacific drill pipe market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to drill pipe market will help companies and investors design strategic landscapes.
Api grade was the largest segment with a revenue share of 63.77% in 2022. Horizon Databook has segmented the Asia Pacific drill pipe market based on api grade, premium grade covering the revenue growth of each sub-segment from 2018 to 2030.
Increasing oil and gas production and exploration activity and development of shale drilling regions. These factors are expected to drive the rapid expansion of drill pipe production in China and other countries.
The energy demand of China is rising drastically across the entire Asia Pacific region and rapid economic growth of the region is propelling a significant growth in the utilization of oil and gas and so is the demand for drill pipes. Asia Pacific is estimated to witness considerable growth owing to the flexible regulatory situation in economies including China, India, Indonesia, and Singapore.
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Target buyers of Asia Pacific drill pipe market databook
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Our clientele includes a mix of drill pipe market companies, investment firms, advisory firms & academic institutions.
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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of continent-level data and insights on the Asia Pacific drill pipe market , including forecasts for subscribers. This continent databook contains high-level insights into Asia Pacific drill pipe market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Asia Pacific drill pipe market size, by country, 2018-2030 (US$M)
Asia Pacific Drill Pipe Market Outlook Share, 2022 & 2030 (US$M)
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