UAE Drill Pipe Market Size & Outlook, 2023-2030
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UAE drill pipe market highlights
- The UAE drill pipe market generated a revenue of USD 66.0 million in 2022 and is expected to reach USD 79.1 million by 2030.
- The UAE market is expected to grow at a CAGR of 3.9% 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.
Drill pipe market data book summary
| Market revenue in 2022 | USD 66.0 million |
| Market revenue in 2030 | USD 79.1 million |
| Growth rate | 3.9% (CAGR from 2023 to 2030) |
| Largest segment | Api grade |
| Fastest growing segment | Premium Grade |
| Historical data | 2018 - 2021 |
| Base year | 2022 |
| Forecast period | 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, UAE accounted for 2.7% of the global drill pipe market in 2022.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Middle East & Africa, Saudi Arabia drill pipe market is projected to lead the regional market in terms of revenue in 2030.
- Qatar is the fastest growing regional market in Middle East & Africa and is projected to reach USD 92.5 million by 2030.
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Drill Pipe Market Scope
Drill Pipe Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| Superior Drilling Products Inc | View profile | 75 | 1583 South 1700 East, Vernal, UT, United States, 84078 | https://www.sdpi.com |
| TMK Energy Ltd | View profile | - | 1202 Hay Street, West Perth, Perth, WA, Australia, 6005 | https://www.tmkenergy.com.au |
| Vallourec SA | View profile | 15000 | 12 Rue de la Verrerie, Meudon, France, 92190 | http://www.vallourec.com |
| Tenaris SA | View profile | 29134 | 26, Boulevard Royal, 4th Floor, Luxembourg, Luxembourg, L-2449 | https://www.tenaris.com |
| NOV Inc | View profile | 33676 | 10353 Richmond Avenue, Houston, TX, United States, 77042-4103 | https://www.nov.com |
| Hilong Holding Ltd | View profile | 3254 | No. 1825, Luodong Road, Baoshan Industrial Zone, Shanghai, China, People's Republic of, 200949 | http://www.hilonggroup.com |
UAE 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 53.79% in 2022. Horizon Databook has segmented the UAE drill pipe market based on api grade, premium grade covering the revenue growth of each sub-segment from 2018 to 2030.
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Target buyers of UAE 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 country-level data and insights on the UAE drill pipe market , including forecasts for subscribers. This country databook contains high-level insights into UAE drill pipe market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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UAE Grade - Drill Pipe Market size, 2022 - 2030 (US$M)
UAE Drill Pipe Market Outlook Share, 2022 & 2030 (US$M)
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