Global Downhole Drilling Tools for Land Supply, Demand and Key Producers, 2024-2030

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Published Date: 30 Jan 2024

Category: Machinery & Equipment

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Description
Table of Contents
Table of Figures
Research Methodology
Companies Mentioned
Related Reports
Product Tags

Description

The global Downhole Drilling Tools for Land market size is expected to reach $ 8399.9 million by 2030, rising at a market growth of 4.8% CAGR during the forecast period (2024-2030).

This report studies the global Downhole Drilling Tools for Land demand, key companies, and key regions.

This report is a detailed and comprehensive analysis of the world market for Downhole Drilling Tools for Land, and provides market size (US$ million) and Year-over-Year (YoY) growth, considering 2023 as the base year. This report explores demand trends and competition, as well as details the characteristics of Downhole Drilling Tools for Land that contribute to its increasing demand across many markets.

Highlights and key features of the study
Global Downhole Drilling Tools for Land total market, 2019-2030, (USD Million)
Global Downhole Drilling Tools for Land total market by region & country, CAGR, 2019-2030, (USD Million)
U.S. VS China: Downhole Drilling Tools for Land total market, key domestic companies and share, (USD Million)
Global Downhole Drilling Tools for Land revenue by player and market share 2019-2024, (USD Million)
Global Downhole Drilling Tools for Land total market by Type, CAGR, 2019-2030, (USD Million)
Global Downhole Drilling Tools for Land total market by Application, CAGR, 2019-2030, (USD Million).

This reports profiles major players in the global Downhole Drilling Tools for Land market based on the following parameters – company overview, revenue, gross margin, product portfolio, geographical presence, and key developments. Key companies covered as a part of this study include Baker Hughes, Halliburton, Schlumberger Ltd., National Oilwell Varco Inc., Weatherford International Ltd. and Dril-Quip (TIW), etc.

This report also provides key insights about market drivers, restraints, opportunities, new product launches or approvals.

Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the World Downhole Drilling Tools for Land market.

Detailed Segmentation:
Each section contains quantitative market data including market by value (US$ Millions), by player, by regions, by Type, and by Application. Data is given for the years 2019-2030 by year with 2023 as the base year, 2024 as the estimate year, and 2025-2030 as the forecast year.

Global Downhole Drilling Tools for Land Market, By Region:
United States
China
Europe
Japan
South Korea
ASEAN
India
Rest of World

Global Downhole Drilling Tools for Land Market, Segmentation by Type
Control Tools
Packer Class
Workover Tools
Others

Global Downhole Drilling Tools for Land Market, Segmentation by Application
Oil Field
Gas Field

Companies Profiled:
Baker Hughes
Halliburton
Schlumberger Ltd.
National Oilwell Varco Inc.
Weatherford International Ltd.
Dril-Quip (TIW)

Key Questions Answered
1. How big is the global Downhole Drilling Tools for Land market?
2. What is the demand of the global Downhole Drilling Tools for Land market?
3. What is the year over year growth of the global Downhole Drilling Tools for Land market?
4. What is the total value of the global Downhole Drilling Tools for Land market?
5. Who are the major players in the global Downhole Drilling Tools for Land market?

Table of Contents

1 Supply Summary
    1.1 Downhole Drilling Tools for Land Introduction
    1.2 World Downhole Drilling Tools for Land Market Size & Forecast (2019 & 2023 & 2030)
    1.3 World Downhole Drilling Tools for Land Total Market by Region (by Headquarter Location)
        1.3.1 World Downhole Drilling Tools for Land Market Size by Region (2019-2030), (by Headquarter Location)
        1.3.2 United States Downhole Drilling Tools for Land Market Size (2019-2030)
        1.3.3 China Downhole Drilling Tools for Land Market Size (2019-2030)
        1.3.4 Europe Downhole Drilling Tools for Land Market Size (2019-2030)
        1.3.5 Japan Downhole Drilling Tools for Land Market Size (2019-2030)
        1.3.6 South Korea Downhole Drilling Tools for Land Market Size (2019-2030)
        1.3.7 ASEAN Downhole Drilling Tools for Land Market Size (2019-2030)
        1.3.8 India Downhole Drilling Tools for Land Market Size (2019-2030)
    1.4 Market Drivers, Restraints and Trends
        1.4.1 Downhole Drilling Tools for Land Market Drivers
        1.4.2 Factors Affecting Demand
        1.4.3 Downhole Drilling Tools for Land Major Market Trends

2 Demand Summary
    2.1 World Downhole Drilling Tools for Land Consumption Value (2019-2030)
    2.2 World Downhole Drilling Tools for Land Consumption Value by Region
        2.2.1 World Downhole Drilling Tools for Land Consumption Value by Region (2019-2024)
        2.2.2 World Downhole Drilling Tools for Land Consumption Value Forecast by Region (2025-2030)
    2.3 United States Downhole Drilling Tools for Land Consumption Value (2019-2030)
    2.4 China Downhole Drilling Tools for Land Consumption Value (2019-2030)
    2.5 Europe Downhole Drilling Tools for Land Consumption Value (2019-2030)
    2.6 Japan Downhole Drilling Tools for Land Consumption Value (2019-2030)
    2.7 South Korea Downhole Drilling Tools for Land Consumption Value (2019-2030)
    2.8 ASEAN Downhole Drilling Tools for Land Consumption Value (2019-2030)
    2.9 India Downhole Drilling Tools for Land Consumption Value (2019-2030)

3 World Downhole Drilling Tools for Land Companies Competitive Analysis
    3.1 World Downhole Drilling Tools for Land Revenue by Player (2019-2024)
    3.2 Industry Rank and Concentration Rate (CR)
        3.2.1 Global Downhole Drilling Tools for Land Industry Rank of Major Players
        3.2.2 Global Concentration Ratios (CR4) for Downhole Drilling Tools for Land in 2023
        3.2.3 Global Concentration Ratios (CR8) for Downhole Drilling Tools for Land in 2023
    3.3 Downhole Drilling Tools for Land Company Evaluation Quadrant
    3.4 Downhole Drilling Tools for Land Market: Overall Company Footprint Analysis
        3.4.1 Downhole Drilling Tools for Land Market: Region Footprint
        3.4.2 Downhole Drilling Tools for Land Market: Company Product Type Footprint
        3.4.3 Downhole Drilling Tools for Land Market: Company Product Application Footprint
    3.5 Competitive Environment
        3.5.1 Historical Structure of the Industry
        3.5.2 Barriers of Market Entry
        3.5.3 Factors of Competition
    3.6 Mergers, Acquisitions Activity

4 United States VS China VS Rest of the World (by Headquarter Location)
    4.1 United States VS China: Downhole Drilling Tools for Land Revenue Comparison (by Headquarter Location)
        4.1.1 United States VS China: Downhole Drilling Tools for Land Market Size Comparison (2019 & 2023 & 2030) (by Headquarter Location)
        4.1.2 United States VS China: Downhole Drilling Tools for Land Revenue Market Share Comparison (2019 & 2023 & 2030)
    4.2 United States Based Companies VS China Based Companies: Downhole Drilling Tools for Land Consumption Value Comparison
        4.2.1 United States VS China: Downhole Drilling Tools for Land Consumption Value Comparison (2019 & 2023 & 2030)
        4.2.2 United States VS China: Downhole Drilling Tools for Land Consumption Value Market Share Comparison (2019 & 2023 & 2030)
    4.3 United States Based Downhole Drilling Tools for Land Companies and Market Share, 2019-2024
        4.3.1 United States Based Downhole Drilling Tools for Land Companies, Headquarters (States, Country)
        4.3.2 United States Based Companies Downhole Drilling Tools for Land Revenue, (2019-2024)
    4.4 China Based Companies Downhole Drilling Tools for Land Revenue and Market Share, 2019-2024
        4.4.1 China Based Downhole Drilling Tools for Land Companies, Company Headquarters (Province, Country)
        4.4.2 China Based Companies Downhole Drilling Tools for Land Revenue, (2019-2024)
    4.5 Rest of World Based Downhole Drilling Tools for Land Companies and Market Share, 2019-2024
        4.5.1 Rest of World Based Downhole Drilling Tools for Land Companies, Headquarters (States, Country)
        4.5.2 Rest of World Based Companies Downhole Drilling Tools for Land Revenue, (2019-2024)

5 Market Analysis by Type
    5.1 World Downhole Drilling Tools for Land Market Size Overview by Type: 2019 VS 2023 VS 2030
    5.2 Segment Introduction by Type
        5.2.1 Control Tools
        5.2.2 Packer Class
        5.2.3 Workover Tools
        5.2.4 Others
    5.3 Market Segment by Type
        5.3.1 World Downhole Drilling Tools for Land Market Size by Type (2019-2024)
        5.3.2 World Downhole Drilling Tools for Land Market Size by Type (2025-2030)
        5.3.3 World Downhole Drilling Tools for Land Market Size Market Share by Type (2019-2030)

6 Market Analysis by Application
    6.1 World Downhole Drilling Tools for Land Market Size Overview by Application: 2019 VS 2023 VS 2030
    6.2 Segment Introduction by Application
        6.2.1 Oil Field
        6.2.2 Gas Field
    6.3 Market Segment by Application
        6.3.1 World Downhole Drilling Tools for Land Market Size by Application (2019-2024)
        6.3.2 World Downhole Drilling Tools for Land Market Size by Application (2025-2030)
        6.3.3 World Downhole Drilling Tools for Land Market Size by Application (2019-2030)

7 Company Profiles
    7.1 Baker Hughes
        7.1.1 Baker Hughes Details
        7.1.2 Baker Hughes Major Business
        7.1.3 Baker Hughes Downhole Drilling Tools for Land Product and Services
        7.1.4 Baker Hughes Downhole Drilling Tools for Land Revenue, Gross Margin and Market Share (2019-2024)
        7.1.5 Baker Hughes Recent Developments/Updates
        7.1.6 Baker Hughes Competitive Strengths & Weaknesses
    7.2 Halliburton
        7.2.1 Halliburton Details
        7.2.2 Halliburton Major Business
        7.2.3 Halliburton Downhole Drilling Tools for Land Product and Services
        7.2.4 Halliburton Downhole Drilling Tools for Land Revenue, Gross Margin and Market Share (2019-2024)
        7.2.5 Halliburton Recent Developments/Updates
        7.2.6 Halliburton Competitive Strengths & Weaknesses
    7.3 Schlumberger Ltd.
        7.3.1 Schlumberger Ltd. Details
        7.3.2 Schlumberger Ltd. Major Business
        7.3.3 Schlumberger Ltd. Downhole Drilling Tools for Land Product and Services
        7.3.4 Schlumberger Ltd. Downhole Drilling Tools for Land Revenue, Gross Margin and Market Share (2019-2024)
        7.3.5 Schlumberger Ltd. Recent Developments/Updates
        7.3.6 Schlumberger Ltd. Competitive Strengths & Weaknesses
    7.4 National Oilwell Varco Inc.
        7.4.1 National Oilwell Varco Inc. Details
        7.4.2 National Oilwell Varco Inc. Major Business
        7.4.3 National Oilwell Varco Inc. Downhole Drilling Tools for Land Product and Services
        7.4.4 National Oilwell Varco Inc. Downhole Drilling Tools for Land Revenue, Gross Margin and Market Share (2019-2024)
        7.4.5 National Oilwell Varco Inc. Recent Developments/Updates
        7.4.6 National Oilwell Varco Inc. Competitive Strengths & Weaknesses
    7.5 Weatherford International Ltd.
        7.5.1 Weatherford International Ltd. Details
        7.5.2 Weatherford International Ltd. Major Business
        7.5.3 Weatherford International Ltd. Downhole Drilling Tools for Land Product and Services
        7.5.4 Weatherford International Ltd. Downhole Drilling Tools for Land Revenue, Gross Margin and Market Share (2019-2024)
        7.5.5 Weatherford International Ltd. Recent Developments/Updates
        7.5.6 Weatherford International Ltd. Competitive Strengths & Weaknesses
    7.6 Dril-Quip (TIW)
        7.6.1 Dril-Quip (TIW) Details
        7.6.2 Dril-Quip (TIW) Major Business
        7.6.3 Dril-Quip (TIW) Downhole Drilling Tools for Land Product and Services
        7.6.4 Dril-Quip (TIW) Downhole Drilling Tools for Land Revenue, Gross Margin and Market Share (2019-2024)
        7.6.5 Dril-Quip (TIW) Recent Developments/Updates
        7.6.6 Dril-Quip (TIW) Competitive Strengths & Weaknesses

8 Industry Chain Analysis
    8.1 Downhole Drilling Tools for Land Industry Chain
    8.2 Downhole Drilling Tools for Land Upstream Analysis
    8.3 Downhole Drilling Tools for Land Midstream Analysis
    8.4 Downhole Drilling Tools for Land Downstream Analysis

9 Research Findings and Conclusion

10 Appendix
    10.1 Methodology
    10.2 Research Process and Data Source
    10.3 Disclaimer

Table of Figures

List of Tables
    Table 1. World Downhole Drilling Tools for Land Revenue by Region (2019, 2023 and 2030) & (USD Million), (by Headquarter Location)
    Table 2. World Downhole Drilling Tools for Land Revenue by Region (2019-2024) & (USD Million), (by Headquarter Location)
    Table 3. World Downhole Drilling Tools for Land Revenue by Region (2025-2030) & (USD Million), (by Headquarter Location)
    Table 4. World Downhole Drilling Tools for Land Revenue Market Share by Region (2019-2024), (by Headquarter Location)
    Table 5. World Downhole Drilling Tools for Land Revenue Market Share by Region (2025-2030), (by Headquarter Location)
    Table 6. Major Market Trends
    Table 7. World Downhole Drilling Tools for Land Consumption Value Growth Rate Forecast by Region (2019 & 2023 & 2030) & (USD Million)
    Table 8. World Downhole Drilling Tools for Land Consumption Value by Region (2019-2024) & (USD Million)
    Table 9. World Downhole Drilling Tools for Land Consumption Value Forecast by Region (2025-2030) & (USD Million)
    Table 10. World Downhole Drilling Tools for Land Revenue by Player (2019-2024) & (USD Million)
    Table 11. Revenue Market Share of Key Downhole Drilling Tools for Land Players in 2023
    Table 12. World Downhole Drilling Tools for Land Industry Rank of Major Player, Based on Revenue in 2023
    Table 13. Global Downhole Drilling Tools for Land Company Evaluation Quadrant
    Table 14. Head Office of Key Downhole Drilling Tools for Land Player
    Table 15. Downhole Drilling Tools for Land Market: Company Product Type Footprint
    Table 16. Downhole Drilling Tools for Land Market: Company Product Application Footprint
    Table 17. Downhole Drilling Tools for Land Mergers & Acquisitions Activity
    Table 18. United States VS China Downhole Drilling Tools for Land Market Size Comparison, (2019 & 2023 & 2030) & (USD Million)
    Table 19. United States VS China Downhole Drilling Tools for Land Consumption Value Comparison, (2019 & 2023 & 2030) & (USD Million)
    Table 20. United States Based Downhole Drilling Tools for Land Companies, Headquarters (States, Country)
    Table 21. United States Based Companies Downhole Drilling Tools for Land Revenue, (2019-2024) & (USD Million)
    Table 22. United States Based Companies Downhole Drilling Tools for Land Revenue Market Share (2019-2024)
    Table 23. China Based Downhole Drilling Tools for Land Companies, Headquarters (Province, Country)
    Table 24. China Based Companies Downhole Drilling Tools for Land Revenue, (2019-2024) & (USD Million)
    Table 25. China Based Companies Downhole Drilling Tools for Land Revenue Market Share (2019-2024)
    Table 26. Rest of World Based Downhole Drilling Tools for Land Companies, Headquarters (States, Country)
    Table 27. Rest of World Based Companies Downhole Drilling Tools for Land Revenue, (2019-2024) & (USD Million)
    Table 28. Rest of World Based Companies Downhole Drilling Tools for Land Revenue Market Share (2019-2024)
    Table 29. World Downhole Drilling Tools for Land Market Size by Type, (USD Million), 2019 & 2023 & 2030
    Table 30. World Downhole Drilling Tools for Land Market Size by Type (2019-2024) & (USD Million)
    Table 31. World Downhole Drilling Tools for Land Market Size by Type (2025-2030) & (USD Million)
    Table 32. World Downhole Drilling Tools for Land Market Size by Application, (USD Million), 2019 & 2023 & 2030
    Table 33. World Downhole Drilling Tools for Land Market Size by Application (2019-2024) & (USD Million)
    Table 34. World Downhole Drilling Tools for Land Market Size by Application (2025-2030) & (USD Million)
    Table 35. Baker Hughes Basic Information, Area Served and Competitors
    Table 36. Baker Hughes Major Business
    Table 37. Baker Hughes Downhole Drilling Tools for Land Product and Services
    Table 38. Baker Hughes Downhole Drilling Tools for Land Revenue, Gross Margin and Market Share (2019-2024) & (USD Million)
    Table 39. Baker Hughes Recent Developments/Updates
    Table 40. Baker Hughes Competitive Strengths & Weaknesses
    Table 41. Halliburton Basic Information, Area Served and Competitors
    Table 42. Halliburton Major Business
    Table 43. Halliburton Downhole Drilling Tools for Land Product and Services
    Table 44. Halliburton Downhole Drilling Tools for Land Revenue, Gross Margin and Market Share (2019-2024) & (USD Million)
    Table 45. Halliburton Recent Developments/Updates
    Table 46. Halliburton Competitive Strengths & Weaknesses
    Table 47. Schlumberger Ltd. Basic Information, Area Served and Competitors
    Table 48. Schlumberger Ltd. Major Business
    Table 49. Schlumberger Ltd. Downhole Drilling Tools for Land Product and Services
    Table 50. Schlumberger Ltd. Downhole Drilling Tools for Land Revenue, Gross Margin and Market Share (2019-2024) & (USD Million)
    Table 51. Schlumberger Ltd. Recent Developments/Updates
    Table 52. Schlumberger Ltd. Competitive Strengths & Weaknesses
    Table 53. National Oilwell Varco Inc. Basic Information, Area Served and Competitors
    Table 54. National Oilwell Varco Inc. Major Business
    Table 55. National Oilwell Varco Inc. Downhole Drilling Tools for Land Product and Services
    Table 56. National Oilwell Varco Inc. Downhole Drilling Tools for Land Revenue, Gross Margin and Market Share (2019-2024) & (USD Million)
    Table 57. National Oilwell Varco Inc. Recent Developments/Updates
    Table 58. National Oilwell Varco Inc. Competitive Strengths & Weaknesses
    Table 59. Weatherford International Ltd. Basic Information, Area Served and Competitors
    Table 60. Weatherford International Ltd. Major Business
    Table 61. Weatherford International Ltd. Downhole Drilling Tools for Land Product and Services
    Table 62. Weatherford International Ltd. Downhole Drilling Tools for Land Revenue, Gross Margin and Market Share (2019-2024) & (USD Million)
    Table 63. Weatherford International Ltd. Recent Developments/Updates
    Table 64. Dril-Quip (TIW) Basic Information, Area Served and Competitors
    Table 65. Dril-Quip (TIW) Major Business
    Table 66. Dril-Quip (TIW) Downhole Drilling Tools for Land Product and Services
    Table 67. Dril-Quip (TIW) Downhole Drilling Tools for Land Revenue, Gross Margin and Market Share (2019-2024) & (USD Million)
    Table 68. Global Key Players of Downhole Drilling Tools for Land Upstream (Raw Materials)
    Table 69. Downhole Drilling Tools for Land Typical Customers
List of Figure
    Figure 1. Downhole Drilling Tools for Land Picture
    Figure 2. World Downhole Drilling Tools for Land Total Market Size: 2019 & 2023 & 2030, (USD Million)
    Figure 3. World Downhole Drilling Tools for Land Total Market Size (2019-2030) & (USD Million)
    Figure 4. World Downhole Drilling Tools for Land Revenue Market Share by Region (2019, 2023 and 2030) & (USD Million) , (by Headquarter Location)
    Figure 5. World Downhole Drilling Tools for Land Revenue Market Share by Region (2019-2030), (by Headquarter Location)
    Figure 6. United States Based Company Downhole Drilling Tools for Land Revenue (2019-2030) & (USD Million)
    Figure 7. China Based Company Downhole Drilling Tools for Land Revenue (2019-2030) & (USD Million)
    Figure 8. Europe Based Company Downhole Drilling Tools for Land Revenue (2019-2030) & (USD Million)
    Figure 9. Japan Based Company Downhole Drilling Tools for Land Revenue (2019-2030) & (USD Million)
    Figure 10. South Korea Based Company Downhole Drilling Tools for Land Revenue (2019-2030) & (USD Million)
    Figure 11. ASEAN Based Company Downhole Drilling Tools for Land Revenue (2019-2030) & (USD Million)
    Figure 12. India Based Company Downhole Drilling Tools for Land Revenue (2019-2030) & (USD Million)
    Figure 13. Downhole Drilling Tools for Land Market Drivers
    Figure 14. Factors Affecting Demand
    Figure 15. World Downhole Drilling Tools for Land Consumption Value (2019-2030) & (USD Million)
    Figure 16. World Downhole Drilling Tools for Land Consumption Value Market Share by Region (2019-2030)
    Figure 17. United States Downhole Drilling Tools for Land Consumption Value (2019-2030) & (USD Million)
    Figure 18. China Downhole Drilling Tools for Land Consumption Value (2019-2030) & (USD Million)
    Figure 19. Europe Downhole Drilling Tools for Land Consumption Value (2019-2030) & (USD Million)
    Figure 20. Japan Downhole Drilling Tools for Land Consumption Value (2019-2030) & (USD Million)
    Figure 21. South Korea Downhole Drilling Tools for Land Consumption Value (2019-2030) & (USD Million)
    Figure 22. ASEAN Downhole Drilling Tools for Land Consumption Value (2019-2030) & (USD Million)
    Figure 23. India Downhole Drilling Tools for Land Consumption Value (2019-2030) & (USD Million)
    Figure 24. Producer Shipments of Downhole Drilling Tools for Land by Player Revenue ($MM) and Market Share (%): 2023
    Figure 25. Global Four-firm Concentration Ratios (CR4) for Downhole Drilling Tools for Land Markets in 2023
    Figure 26. Global Four-firm Concentration Ratios (CR8) for Downhole Drilling Tools for Land Markets in 2023
    Figure 27. United States VS China: Downhole Drilling Tools for Land Revenue Market Share Comparison (2019 & 2023 & 2030)
    Figure 28. United States VS China: Downhole Drilling Tools for Land Consumption Value Market Share Comparison (2019 & 2023 & 2030)
    Figure 29. World Downhole Drilling Tools for Land Market Size by Type, (USD Million), 2019 & 2023 & 2030
    Figure 30. World Downhole Drilling Tools for Land Market Size Market Share by Type in 2023
    Figure 31. Control Tools
    Figure 32. Packer Class
    Figure 33. Workover Tools
    Figure 34. Others
    Figure 35. World Downhole Drilling Tools for Land Market Size Market Share by Type (2019-2030)
    Figure 36. World Downhole Drilling Tools for Land Market Size by Application, (USD Million), 2019 & 2023 & 2030
    Figure 37. World Downhole Drilling Tools for Land Market Size Market Share by Application in 2023
    Figure 38. Oil Field
    Figure 39. Gas Field
    Figure 40. Downhole Drilling Tools for Land Industrial Chain
    Figure 41. Methodology
    Figure 42. Research Process and Data Source

Research Methodology

Client Requirements

Review and analyze client requirements

Discussion of all the project requirements and queries

Flexibility Check

Project Feasibility Analysis

Finalizing tentative research programme

Structuring project proposal with scope, timeline, and costs

Analyzing Market Dynamics

Determination of key drivers, restraints, challenge, and opportunity

Identifies market needs and trends

Market Size Estimation & Forecast

Estimation of historical data based on secondary and primary data

Anticipating market recast by assigning weightage to market forces (drivers, restraints, opportunities)

Freezing historical and forecast market size estimations based on evolution, trends, outlook, and strategies

Consideration of geography, region-specific product/service demand for region segments

Consideration of product utilization rates, product demand outlook for segments by application or end-user.

Data Source

Secondary Source
Data collections from annual reports, presentations,associations, journals, analyst reports, paid database, press releases, blogs, newsletters,and GIR repositories.

Primary Source
Research discussion with manufacturers, distributors, suppliers, end user, industry experts to verify insights.

Validation and
triangulation of
secondary and primary source.

Collection of data

Cumulating and collating the essential qualitative and quantitative data

Generation of report in client requested format by research analysts

Reviews by expert analysts

Final quality check

Clarifying queries

Receiving feedback

Ensuring satisfaction

01 Identification of data

This step involves identification of several primary and secondary data research sources, including Global Info Research's internal data sources. The primary sources consist of in-depth discussions and interviews with policy makers, industry experts, and data evaluators, whereas secondary sources include a thorough study of market journals, press releases, annual reports, and government and non-government agencies websites.
02 Evaluation of Market Dynamic

This phase includes a detailed evaluation of several factors that are likely to affect the market dynamics. It involves a comprehensive assessment of major market pain points, drivers, and trends. It also comprises a detailed study of research plans and methodology.
03 Collection of Data

This process consists of gathering data, accessing proprietary databases, and reaching out to key industry participants that operate in the market across the value chain. It also involves studying several patterns in the historical data and comparing it with the current scenario.
04 Collaboration of Data

This stage involves the validation of data and arrival at actual statistics, and evolution of the market over the years. It entails the study and analyzes various segments and verticals of the market. An impact analysis is also performed to observe which factors will affect the market in the next few years.
05 Verification and Analysis

This is the final stage, which involves both quantity and quality checks. Although the process of data verification is an integral part of the research process, all data points and statistics and figures are re-checked to uphold their authenticity and validity.

Companies Mentioned

Baker Hughes
Halliburton
Schlumberger Ltd.
National Oilwell Varco Inc.
Weatherford International Ltd.
Dril-Quip (TIW)

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