"Actionable Insights to Fuel Your Growth"

Drilling Stabilizers Market Size, Share and Global Trend By Type (Integral Blade Stabilizer, Welded Stabilizer, Replaceable Sleeve Stabilizer), By Application (Directional Well, Vertical Well), By Location (Onshore, Offshore) and By Regional Forecast, 2024-2032

Region :Global | Report ID: FBI100292 | Status : Ongoing

 

KEY MARKET INSIGHTS

Drilling Stabilizer is an integral part of bottom hole assembly (BHA) of a drill string. It stabilizes the BHA in the borehole to avoid unintentional vibration, sidetracking, thus reducing the risk of stuck pipe. Drilling stabilizer is composed of hollow cylindrical body and stabilizing blades made of high strength steel. The market for drilling stabilizer can be segmented on the basis of type, application, location, and geography.

On the basis of type, drilling stabilizer is majorly divided into three types i.e. Integral blade stabilizer, welded stabilizer, and replaceable sleeve stabilizer. Among these, the welded stabilizer is widely used in drilling operations due to its application in the soft & medium hard formation and economical alternative as compared with other technologies.

On the basis of application, drilling stabilizer can be bifurcated into the directional well and vertical well. And on the Location, the market can be segmented by Onshore and Offshore. The offshore segment can be further bifurcated into shallow water, deepwater and Ultra-deepwater.

To gain extensive insights into the market, Request for Customization

The major driver for Drilling Stabilizer Market is the demand for increasing well-drilling efficiency and minimizing well cost. The Major function of drilling stabilizer is to concentrate the weight of drill collar on the bit and keep the drill collar away from the borehole wall. It increases lateral stability, reduce vibration, supply flexibility and reduce well cost.

The factor that is expected to inhibit the growth of the market is the huge saving on daily drilling cost of the well which can be reduced by adopting various drilling stabilizers also available as per customized requirement. As such, there is no major restraint for this market but the fluctuation in crude oil price and rising concern over reducing well cost may affect the demand of drilling stabilizers.

KEY PLAYERS COVERED

Some of the major companies that are present in the global drilling stabilizers market are National Oilwell Varco, Sandvik AB, Schlumberger, Tasman, Drillstar Industries, Weatherford International, Adriatech Europe, Sovonex Technology, LOG Oiltools, Dando Drilling International Ltd, Atlas Copco, etc.

SEGMENTATION

 SEGMENTATION

 DETAILS

By Type

·      Integral Blade Stabilizer

·      Welded Stabilizer

·      Replaceable Sleeve Stabilizer

By Application

·      Directional Well

·      Vertical Well

By Location

·      Onshore

·      Offshore

By Geography

·      North America (USA and Canada)

·      Europe (UK, Germany, France, Netherlands, Norway, Russia and Rest of Europe)

·      Asia Pacific (Japan, China, India, Australia, Southeast Asia and Rest of Asia Pacific)

·      Latin America (Brazil, Mexico, Venezuela and Rest of Latin America)

·      Middle East & Africa (South Africa, GCC, Nigeria and Rest of Middle East & Africa)

REGIONAL ANALYSIS

The global drilling stabilizers market has been segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. North America is the largest market for drilling stabilizers at present and it is expected to account for a large proportion of the market in the forecast period as well. Currently, the US is focusing on increasing oil and gas production from its huge shale reserve which further requires advanced bottom hole tool & equipment to be economically viable. Europe and Asia Pacific region are expected to provide the largest market opportunity as the number of wells drilled in those countries are increasing year-on-year basis.

Key Industry Developments

· In Feb 2019, SMG Industries, Inc. an oilfield service company based in Texas, has entered into a strategic alliance with Christopher Equipment and Rentals, LLC, Texas, to rent bottom hole assembly tools and services to directional drillers and operators in Permian basin.

 

· In Apr 2018, Drilling Tool International Inc. has announced the acquisition of drill pipe rental division of Premium Oilfield Services LLC. DTI rental equipment portfolio includes drill stabilizers, drill collars, Drill N Ream, casing centralizers, and other downhole tools.





Key Questions Answer REQUEST SAMPLE
Why to Choose Fortune Business Insights SPEAK TO ANALYST
Drilling Stabilizers Market Report
  • Ongoing
  • 2023
  • 2019-2022
  • Pre Book
Multi-report Purchase Plan
    A Customized Plan Will be Created Based on the number of reports you wish to purchase
Energy & Power Clients
Caterpillar
UL
Sumitomo
Ntt
The Japan Research
Client Testimonials

“We are quite happy with the methodology you outlined. We really appreciate the time your team has spent on this project, and the efforts of your team to answer our questions.”

- One of the largest & renowned medical research centers based in the U.S. on a report on the U.S. NIPT Market.

“Thanks a million. The report looks great!”

- Feedback from a consultant on a report on the U.S. Beef Market.

“Thanks for the excellent report and the insights regarding the lactose market.”

- Brazil based company specializing in production of protein ingredients.

“I liked the report; would it be possible to send me the PPT version as I want to use a few slides in an internal presentation that I am preparing.”

- Global Digital Services Agency on a report on the Global Luxury Goods Market.

“This report is really well done and we really appreciate it! Again, I may have questions as we dig in deeper. Thanks again for some really good work.”

- U.S.-based biotechnology company focussing on treatment of chronic pain.

“Kudos to your team. Thank you very much for your support and agility to answer our questions.”

- Europe-based provider of solutions to automate data centre operations.

“We appreciate you and your team taking out time to share the report and data file with us, and we are grateful for the flexibility provided to modify the document as per request. This does help us in our business decision making. We would be pleased to work with you again, and hope to continue our business relationship long into the future.”

- India-based manufacturer of industrial and specialty intermediates with a strong global presence.

“I want to first congratulate you on the great work done on the Medical Platforms project. Thank you so much for all your efforts.”

- One of the largest cosmetics company in the world.

“Thank you very much. I really appreciate the work your team has done. I feel very comfortable recommending your services to some of the other startups that I’m working with, and will likely establish a good long partnership with you.”

- U.S. based startup operating in the cultivated meat market.

“We received the below report on the U.S. market from you. We were very satisfied with the report.”

- Global hearing aids manufacturer.

“I just finished my first pass-through of the report. Great work! Thank you!”

- U.S. based solar racking solutions provider.

“Thanks again for the great work on our last partnership. We are ramping up a new project to understand the imaging and imaging service and distribution market in the U.S.”

- World’s leading advisory firm.

“We feel positive about the results. Based on the presented results, we will do strategic review of this new information and might commission a detailed study on some of the modules included in the report after end of the year. Overall we are very satisfied and please pass on the praise to the team. Thank you for the co-operation!”

- Germany based machine construction company.

“Thank you very much for the very good report. I have another requirement on cutting tools, paper crafts and decorative items.”

- Japanese manufacturing company of stationery products.

“We are happy with the professionalism of your in-house research team as well as the quality of your research reports. Looking forward to work together on similar projects”

- One of the Leading Food Companies in Germany

“We appreciate the teamwork and efficiency for such an exhaustive and comprehensive report. The data offered to us was exactly what we were looking for. Thank you!”

- Intuitive Surgical

“I recommend Fortune Business Insights for their honesty and flexibility. Not only that they were very responsive and dealt with all my questions very quickly but they also responded honestly and flexibly to the detailed requests from us in preparing the research report. We value them as a research company worthy of building long-term relationships.”

- Major Food Company in Japan

“Well done Fortune Business Insights! The report covered all the points and was very detailed. Looking forward to work together in the future”

- Ziering Medical

“It has been a delightful experience working with you guys. Thank you Fortune Business Insights for your efforts and prompt response”

- Major Manufacturer of Precision Machine Parts in India

“I had a great experience working with Fortune Business Insights. The report was very accurate and as per my requirements. Very satisfied with the overall report as it has helped me to build strategies for my business”

- Hewlett-Packard

“This is regarding the recent report I bought from Fortune Business insights. Remarkable job and great efforts by your research team. I would also like to thank the back end team for offering a continuous support and stitching together a report that is so comprehensive and exhaustive”

- Global Management Consulting Firm

“Please pass on our sincere thanks to the whole team at Fortune Business Insights. This is a very good piece of work and will be very helpful to us going forward. We know where we will be getting business intelligence from in the future.”

- UK-based Start-up in the Medical Devices Sector

“Thank you for sending the market report and data. It looks quite comprehensive and the data is exactly what I was looking for. I appreciate the timeliness and responsiveness of you and your team.”

- One of the Largest Companies in the Defence Industry
We use cookies to enhance your experience. By continuing to visit this site you agree to our use of cookies . Privacy.
X