Middle East & Africa Drill Pipe Market Size & Outlook
Middle East & Africa drill pipe market, 2018-2030 (US$M)
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MEA drill pipe market highlights
- The MEA drill pipe market generated a revenue of USD 734.7 million in 2022.
- The market is expected to grow at a CAGR of 2.2% 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, Qatar is expected to register the highest CAGR from 2023 to 2030.
MEA data book summary
| Market revenue in 2022 | USD 734.7 million |
| Market revenue in 2030 | USD 874.7 million |
| Growth rate | 2.2% (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, MEA region accounted for 30.5% 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.
Key Regions: UAE , U.S. , UK , Brazil , Saudi Arabia
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Drill Pipe Market Scope
Drill Pipe Market Companies
| Name | Profile | # Employees | HQ | Website |
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Middle East & Africa 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 62.64% in 2022. Horizon Databook has segmented the Middle East & Africa drill pipe market based on api grade, premium grade covering the revenue growth of each sub-segment from 2018 to 2030.
Middle East is the largest premium drill pipe market in the world, with 48% of oil reserves and 43% of gas reserves in the world. Iran holds the fourth position globally in the largest oil reserves and second place in the natural gas reserves, which represents the drill pipe demand in the Middle East.
The region majorly functions for the production of onshore oil and gas, and is active in the offshore sector, from shallow to deep operations, which propel the demand for drill pipes.
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Target buyers of Middle East & Africa 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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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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Horizon Databook provides a detailed overview of continent-level data and insights on the Middle East & Africa drill pipe market , including forecasts for subscribers. This continent databook contains high-level insights into Middle East & Africa drill pipe market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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MEA drill pipe market size, by country, 2018-2030 (US$M)
Middle East & Africa Drill Pipe Market Outlook Share, 2022 & 2030 (US$M)
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