The "Global Borehole Enlargement Systems Market 2019-2023" report has been added to ResearchAndMarkets.com's offering.
The global borehole enlargement systems market to grow at a CAGR of 4.46% during the period 2019-2023.
Global Borehole Enlargement Systems Market 2019-2023 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. To calculate the market size, the report considers the revenue generated from the use of borehole enlargement systems in different applications.
The latest trend gaining momentum in the market is the emergence of laser drilling technology in oil and gas industry. Laser drilling offers various advantages such as precious drilling, an increased rate of penetration, and a reduction in the drilling time when drilling through hard formation.
According to the report, one of the major drivers for this market is the rise in oil and natural gas demand. The rise in oil and gas E&P activities, will increase the requirement of borehole enlargement systems during the forecast period.
Further, the report states that one of the major factors hindering the growth of this market is the change in energy mix. The possible diversion of investments from oil and gas projects toward renewables may hamper the growth of the oil and gas industry.
Key questions answered in this report
- What will the market size be in 2023 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?
Market Highlights
- Rising investments is shale oil and gas
- Change in energy mix
- Emergence of next-generation automated drilling rigs
Key vendors
- Baker Hughes
- Halliburton
- National Oilwell Varco
- Schlumberger
- Weatherford
For more information about this report visit https://www.researchandmarkets.com/research/4k89kn/global_borehole?w=4
View source version on businesswire.com: https://www.businesswire.com/news/home/20181213005599/en/
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Topics: Oilfield
Equipment and Services
