About Downhole Drilling Tools

Drilling involves boring a hole in the earth’s surface for the extraction of petroleum and gas. Downhole drilling tools facilitate the drilling process and enable drillers to counter the challenges associated with drilling such as extreme depth, high-temperature, and pressure difference. These tools guide or steer wells through a small reservoir by changing the trajectory of the well. The process of extracting these valuable resources includes drilling through the surface till the depths where the resources occur are reached. There are many activities involved in the extraction of these reserves.

Radiant insights, inc. analysts forecast the global downhole drilling tools market to grow at a CAGR of 4.40% during the period 2017-2021.

Covered in this report 

The report covers the present scenario and the growth prospects of the global downhole drilling tools market for 2017-2021. To calculate the market size, the report presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources.

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The market is divided into the following segments based on geography: 

• Americas



Radiant insights, inc. report, Global Downhole Drilling Tools Market 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

• Weatherford

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Other prominent vendors 

• American Oilfield Tools

• Bilco Tools

• Challenger Downhole Tools

• Downhole Oil Tools

• Logan International

• Magnum Oil Tools

• Oil Tools International Services

• Schoeller-Bleckmann Oilfield Equipment

• Tasman

• Wenzel Downhole Tools

• Western Drilling Tools

• Carlisle Interconnect Technologies

• Cougar Drilling Solutions

• Stabiltec Downhole Tools

• Olympus Corporation

• Gearcon Drilling Tools

• Kennametal

Market driver 

• Rising global oil and gas demand.

• For a full, detailed list, view our report

Market challenge 

• Decline in investments in upstream sector.

• For a full, detailed list, view our report

Market trend 

• Supercritical carbon dioxide as a fracking fluid in shale gas fracking.

• For a full, detailed list, view our report

Key questions answered in this report 

• What will the market size be in 2021 and what will the growth rate be?

• What are the key market trends?

• What is driving this market?

• What are the challenges to market growth?

• Who are the key vendors in this market space?

• What are the market opportunities and threats faced by the key vendors?

• What are the strengths and weaknesses of the key vendors?

You can request one free hour of our analyst’s time when you purchase this market report. Details are provided within the report.

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About Radiant Insights

Radiant Insights is a platform for companies looking to meet their market research and business intelligence requirements. It assist and facilitate organizations and individuals procure market research reports, helping them in the decision making process. The Organization has a comprehensive collection of reports, covering over 40 key industries and a host of micro markets. In addition to over extensive database of reports, experienced research coordinators also offer a host of ancillary services such as, research partnerships/ tie-ups and customized research solutions.

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