Drilling Bits Market Size, Share, Trends, Analysis and Forecasts To 2021
Market Research analysts forecast global drilling bits market in oil and gas to grow at a CAGR of 4.75 % during the period 2017-2021.
Drill bits are mechanical tools used for cutting or crushing rocks to create wellbores for the extraction of hydrocarbon resources. They are mainly used in drilling operations for oil or gas wells either onshore or offshore.
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Covered in this report
The report covers the present scenario and the growth prospects of the global drilling bits market in oil and gas for 2017-2021. To calculate the market size, the report considers the revenues that are generated from the sale of drill bit products in the oil and gas exploration market.
The market is divided into the following segments based on geography: Americas APAC EMEA
Global Drilling Bits Market in Oil and Gas 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
Key vendors Baker Hughes Halliburton National Oilwell Varco Schlumberger Varel International
Other prominent vendors Atlas Copco AB Bellwether Resources International Bit Brokers International Century Products DRILLBITS International( DBI) Drilformance Drill King International Drilling Products( DPI)