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Pulished Date April, 2021
ID: 10672
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Global Drilling Jars Market Size, Share, Trends and Growth Analysis Report – and Region - Industry Forecast | 2021 to 2026

Pulished: April, 2021
ID: 10672
Pages: 175

Drilling Jars Market Value and Growth Analysis (2021-2026):

The operation of drilling vessels is based on the theory of stress waves. The agitation energy comes from the spring effect of the drillstring (ie, in the constrained/compressed position). The energy from the impact charge is transmitted by voltage waves that travel at the speed of sound through the metal. Drill bottles are also called intensifiers. Drill jars are made of materials with high tensile and torsional strength, hydraulic retardation measurement systems, and chuck (mechanical) locks. These are capable of causing an impact when the drillstring gets stuck at the bottom of the hole. Drill jars are hydromechanical devices employed in downhole applications (oil and gas fields). They have the ability to provide shock loading on other components. Drill jars are downhole tools employed to deliver a strong blow (shock load) to the downhole assembly.

This is especially done to remove a component stuck at the bottom of the hole. Mechanical and hydraulic drill pots are the main types of drill pots. In terms of design, these types of pots are different; however, depending on the operation, they are similar. A drill string is employed to create impact and a driving force to release a stuck drill string. This is accomplished by converting deformation energy to kinetic energy, which accelerates the blow of the hammer with the anvil to create a blow. Kinetic energy is stored in the drill-string and is quickly released by the jar when it fires. The principle is similar to using a hammer. Kinetic energy is stored in the hammer when it is rotated and is immediately released onto the nail and board upon impact. Drill jars are designed to hit up, down, or both. If a jammed downhole assembly is impacted, the drilling operation operator slowly pulls the drill-string, but the downhole assembly (BHA) does not move.

Impact of Covid-19 on Drilling Jars Market:

The Indian O&G industry is generally competent in disaster response and its effectiveness has been demonstrated in a variety of disaster scenarios in the past. With COVID-19 as well, the industry has performed quite well so far, as evidenced by near-continuous operations and the availability of different fuels, almost throughout the country. However, most O&G CXOs believe that the sector's recovery is likely to be longer than predicted. While the jury is still out on the particular path to recovery for the Indian economy, the real requirement of the time for the oil and gas business is to go beyond the details of the COVID-19 response and to focus instead on what the industry components could do to emerge stronger and "prosper" in the happy world. Therefore, management must prioritize its thinking on medium and long-term opportunities. This forces the industry to rapidly develop intrinsic organizational capabilities along three interrelated dimensions.

Drilling Jars Market Trends:

Geopolitics and different market intensities play an important role in managing all-inclusive fossil fuel costs. These reasons are also predicted to dominate the drill pot market. The benefits of research and development to improve drilling attributes are of great importance to competitors in the market. The emergence of unusual hydrocarbon exploration projects for sedimentary methane and coal bed offers several opportunities for competitors in the industry. Since hydrocarbons are the main source of energy, the escalating hydrocarbon exploration projects promise a promising future for the worldwide market.

Recent Developments in the Drilling Jars Market:

  • Emerson Automation Solutions has introduced the latest product in its line of polymer completion solutions, the PolyOil JAR Material Handler, for escalated well safety and integrity.
  • Knight Oil Tools introduced its Megaton Drilling Jar product line and opened a Megaton Jar facility in Broussard, Louisiana. The new product line includes the Megaton drilling vessel with Ulti-Torq connection and the Energizer Megaton, which maximizes the drilling vessel.

Drilling Jars Market Drivers:

The worldwide market for drilling pot is predicted to see expansion during the foreseen period, driven by increased drilling activity due to hydrocarbon exploration and production initiatives. Drill pots are downhole assembly components and are employed to free the drillstring in the event of a pipe jam. Hydraulic drill pots, mechanical drill pots, and hydraulic and mechanical drill pots are some types of drill pots widely employed by E&P companies. Different drill pots are deployed depending on the characteristics of the formation and the likelihood of the pipes sticking. The growing call for worldwide energy has led companies to invest heavily in hydrocarbon exploration. This trend is predicted to increase the worldwide market for drill pot. Increased drilling activity due to increased investment in oil and gas exploration and production activities is driving the market for drilling rigs. The market is predicted to grow during the foreseen period as drilling activity is predicted to increase worldwide. Oil and gas companies make huge investments to explore and drill deep and ultra-deep water reservoirs that are unexplored. The shift from onshore to offshore reserves is due to the depletion of onshore reserves and the attractive rate of return on abundant offshore reserves.

Drilling JarsMarket Restraints:

Volatile crude oil prices are anticipated to hamper the market development.

Opportunities in the Drilling Jars Market:

Escalating unconventional hydrocarbon exploration in recent years is predicted to further complement the worldwide market. Governments around the world are cracking down to meet their energy needs by expanding their hydrocarbon reserves. These fiery moves should support the market for drill pots. Government initiatives and policies favoring hydrocarbon exploration activities are believed to help the worldwide market. Geopolitics and other market forces play a critical role in influencing world oil prices. These factors are also believed to influence the market for Drill Pots. R&D initiatives aimed at improving the characteristics of drill pots promise many opportunities for market players. Increased unconventional hydrocarbon exploration activity for shale and coalbed methane offers great opportunities for industry participants. Since hydrocarbons are the main source of energy, the increase in hydrocarbon exploration activities promises a bright future for the worldwide market.

Challenges in the Drilling Jars Market:

Volatile fossil fuels are predicted to restrict the market expansion.

Drilling Jars Market Segmentation:

By type:

  • Hydraulic
  • Mechanical
  • Hydraulic-Mechanical

Hydraulic and mechanical jars are available in one-piece and two-piece jars that provide combined mechanical and hydraulic action. Piercing vessels also provide bi-directional action allowing the operator to move the piercing vessel up and down. The mechanical lock ensures that the carafe does not accidentally trip during connections or firing. Hydraulic up operation uses the length of pipe to aid in impact performance and uses the weight of the drill collar to aid in pot impact. The carafe is pulled down mechanically past the down lock setting.

Drilling Jars Regional Analysis:

  • North America 
  • Europe 
  • Asia Pacific
  • Latin America 
  • Middle East & Africa 

North America and the Middle East have dominated the drill rig market over the years due to the enormous hydrocarbon potential. The shale gas boom in the United States has also played a key role in the regional market. Countries around the world are desperately trying to emulate America's experience with shale gas and are making significant strides in meeting their energy needs. These fervent drilling initiatives, especially in emerging economies such as China, India, Brazil and some African countries, are said to dominate their respective regional markets. Developed regions like Europe are also predicted to see an increase in unconventional hydrocarbon exploration due to the depletion of their conventional reserves. This trend is predicted to support the worldwide drill pot market. Escalating drilling activity to meet the escalatingcall for energy is a determining factor for the drill pot market. Accelerated efforts to generate unconventional power from shale gas have resulted in the drilling of a large number of wells in North America. Abundant shale gas reserves and ultra-deepwater oil and gas reserves provide a great opportunity for the drill pot market.

North America is estimated to be the dominant region in the drill pots market. The shale gas reverberation in the United States has also played a valuation role in the zonal market. Nations around the world are struggling miserably to keep up with the emergence of sedimentary gas in the United States and are taking huge strides to meet their energy needs. Such boring and intense initiatives, generally in developing economies like India, China and Brazil, and some African nations proclaim themselves at the head of their respective zone markets. Emerging areas like Europe are also vilified for seeing an increase in traditional hydrocarbon studies due to the depletion of their standard reserves. Such a move is believed to increase the worldwide market for drill pots.

Drilling Jars Market Key Players:

Key industry participants are engaging in M&A to gain market share and improve their product portfolio. Recent mergers such as the one between Baker Hughes and Halliburton are anticipated to massively influence the market. The global drilling jars industry, a part of the petroleum service industry, is characterized by massive R&D spending to develop superior products. Key industry participants include Toro Downhole Tools, BICO Drilling Tools Inc., Odfjell Drilling Ltd., Cougar Drilling Solutions, VNIIBT - Drilling Tools, TTGM International (USA) Inc., National Oilwell Varco, Schlumberger, Tasman OMM, AOS Orwell and Knight Oil Tools.

 

1. Introduction                                 

                1.1 Market Definition                    

                1.2 Scope of the report                

                1.3 Study Assumptions                 

                1.4 Base Currency, Base Year and Forecast Periods                          

2. Research Methodology                                           

                2.1 Analysis Design                         

                2.2 Research Phases                      

                                2.2.1 Secondary Research           

                                2.2.2 Primary Research 

                                2.2.3 Data Modelling      

                                2.2.4 Expert Validation  

                2.3 Study Timeline                          

3. Report Overview                                        

                3.1 Executive Summary                

                3.2 Key Inferencees                       

4. Market Dynamics                                       

                4.1 Impact Analysis                         

                                4.1.1 Drivers      

                                4.1.2 Restaints  

                                4.1.3 Opportunities        

                4.2 Regulatory Environment                       

                4.3 Technology Timeline & Recent Trends                            

5. Competitor Benchmarking Analysis                                    

                5.1 Key Player Benchmarking                     

                                5.1.1 Market share analysis        

                                5.1.2 Products/Service  

                                5.1.3 Regional Presence               

                5.2 Mergers & Acquistion Landscape                      

                5.3 Joint Ventures & Collaborations                        

6. Market Segmentation                                              

                6.1 Drilling Jars Market, By Type                               

                                6.1.1 Hydraulic  

                                6.1.2 Mechanical             

                                6.1.3 Hydraulic-Mechanical         

                                6.1.4 Market Size Estimations & Forecasts (2021-2026)   

                                6.1.5 Y-o-Y Growth Rate Analysis             

                                6.1.6 Market Attractiveness Index          

7. Geographical Landscape                                         

                7.1 Global Identity Governance and Administration Market, by Region                  

                7.2 North America - Market Analysis (2018 - 2024)                            

                                7.2.1 By Country              

                                                7.2.1.1 USA

                                                7.2.1.2 Canada

                                7.2.2 By Type    

                7.3 Europe                         

                                7.3.1 By Country              

                                                7.3.1.1 UK

                                                7.3.1.2 France

                                                7.3.1.3 Germany

                                                7.3.1.4 Spain

                                                7.3.1.5 Italy

                                                7.3.1.6 Rest of Europe

                                7.3.2 By Type    

                7.4 Asia Pacific                  

                                7.4.1 By Country              

                                                7.4.1.1 China

                                                7.4.1.2 India

                                                7.4.1.3 Japan

                                                7.4.1.4 South Korea

                                                7.4.1.5 South East Asia

                                                7.4.1.6 Australia & NZ

                                                7.4.1.7 Rest of Asia-Pacific

                                7.4.2 By Type    

                7.5 Latin America                             

                                7.5.1 By Country              

                                                7.5.1.1 Brazil

                                                7.5.1.2 Argentina

                                                7.5.1.3 Mexico

                                                7.5.1.4 Rest of Latin America

                                7.5.2 By Type    

                7.6 Middle East and Africa                           

                                7.6.1 By Country              

                                                7.6.1.1 Middle East

                                                7.6.1.2 Africa

                                7.6.2 By Type    

8. Key Player Analysis                                    

                8.1 Toro Downhole Tools                             

                                8.1.1 Business Description           

                                8.1.2 Products/Service  

                                8.1.3 Financials 

                                8.1.4 SWOT Analysis       

                                8.1.5 Recent Developments       

                                8.1.6 Analyst Overview 

                8.2 BICO Drilling Tools Inc                             

                8.3 Odfjell Drilling Ltd                    

                8.4 Cougar Drilling Solutions                       

                8.5 VNIIBT - Drilling Tools                             

                8.6 TTGM International (USA) Inc                            

                8.7 National Oilwell Varco                            

                8.8 Schlumberger                            

                8.9 Tasman OMM                           

                8.10 AOS Orwell                               

9. Market Outlook & Investment Opportunities                                

Appendix                                           

                List of Tables                     

                List of Figures                   

  • Global, regional and country-level analysis and forecasts of the study market; providing Insights on the major countries/regions in which this industry is blooming and to also identify the regions that are still untapped

  • Segment-level analysis in terms of technology, component, and type along with market size forecasts and estimations to detect key areas of industry growth in detail

  • Identification of key drivers, restraints, opportunities, and challenges (DROC) in the market and their impact on shifting market dynamics

  • Study of the effect of exogenous and endogenous factors that affect the global market; which includes broadly demographic, economics, and political, among other macro-environmental factors presented in an extensive PESTLE Analysis

  • Study the micro environment factors that determine the overall profitability of an Industry, using Porter’s five forces analysis for analysing the level of competition and business strategy development

  • A comprehensive list of key market players along with their product portfolio, current strategic interests, key financial information, legal issues, SWOT analysis and analyst overview to study and sustain the market environment

  • Competitive landscape analysis listing out the mergers, acquisitions, collaborations in the field along with new product launches, comparative financial studies and recent developments in the market by the major companies

  • An executive summary, abridging the entire report in such a way that decision-making personnel can rapidly become acquainted with background information, concise analysis and main conclusions

  • Expertly devised analyst overview along with Investment opportunities to provide both individuals and organizations a strong financial foothold in the market

  1. Global Drilling Jars  Market By Region, From 2021-2026 ( USD Billion )

  2. Global Drilling Jars  Market By Type, From 2021-2026 ( USD Billion )

  3. Global Hydraulic Market By Region, From 2021-2026 ( USD Billion )

  4. Global Mechanical Market By Region, From 2021-2026 ( USD Billion )

  5. Global Hydraulic-Mechanical Market By Region, From 2021-2026 ( USD Billion )

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