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Wired Drill Pipe Market is Estimated to Grow at 5.6% CAGR from 2017 to 2023

Wired Drill Pipe Market is Estimated to Grow at 5.6% CAGR from 2017 to 2023

Wired Drill Pipe Market
Global Wired Drill Pipe Market Information Report, By Location (Onshore, Offshore), By Component Type (Telemetry, Electrical Conductors, Electrical Transmitters, Pressure sensors and Others), By Application (Data Collection, Managed Pressure Drilling, Wellbore integrity in Deep Ultra-Depleted Reservoirs) and By Region – Global Forecast To 2023

Market Highlights:

Market research future published a half cooked research report on global Wired Drill Pipe market. The Wired Drill Pipe market is expected to grow over the CAGR of around 3.2% during the period 2017 to 2023.

Global drilling activities are increasingly being carried out in remote harsh locations to extract more oil, which has been sped up with advancements in drilling technology. Transmission of real time data during drilling from sensors has now become an integral part of global drilling activities. The value of this real time data leads to modern well designs that can increase safety and also result in cost effectiveness.

Wired drill pipe (WDP) is a type of conventional drill pipe that has been modified to accommodate an inductive coil and a high strength data cable inside the tool joint. Wired drill pipes enable high speed downhole data transfer across the drill string. The data transfer takes place through sub-assemblies, placed at regular distances along the drill string, which facilitates clean data signal transfer for optimal signal to noise ratio along the network.

Presently in drilling operations, the sensor technology uses LWD (Logging While Drilling) sensors than traditional wire line sensors as they offer better data than wire line sensors. However, these LWD sensors relay on mud-pulse telemetry and this have a huge restriction on transmission speed. Under harsh operating environments, achieving fast transmission speeds using LWD sensors, is very difficult.

With wired drill pipes, the rig drilling time is saved as surveys, downlinks, slide orientations and other data-driven activities. Performance limiters associated with logging while drilling (LWD) data density, directional control, well placement and hole cleaning management can be addressed with high frequency and low latency data, achieving higher rates of penetration (ROP).

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Key Players Profiles:

The key players of the global wired drill pipes market are Schlumberger Limited (U.S.), The Halliburton Company (U.S.), IntelliServ (NOV) (U.S.), Baker Hughes (U.S.) and Weatherford International PLC (U.S.).

Market Research Analysis:

Pressure sensors and telemetry components are expected to dominate the market based on component types. Modern drilling operations including LWD sensors now generate so much data that it is not possible to take full advantage of this data due to the limitations imposed by conventional mud pulse telemetry systems. Although advances have been made in the form of data compression and batch transmission modes, mud pulse transmission is the limiting factor in many potential applications. However, global operators are overcoming the limitations of mud pulse telemetry in terms of real-time data transmission speeds and reliability is one of the biggest challenges. As drilling rates increase, the data density of the real-time drilling activity also increases and, drilling rates must be held back to ensure that a usable log in real-time.

Scope of the Report:

This study provides an overview of the global wired drill pipe market, tracking three market segments across four geographic regions. The report studies key players, providing a five-year annual trend analysis that highlights market size, volume and share for North America, Europe, Asia-Pacific (APAC) and Rest of the World (ROW). The report also provides a forecast, focusing on the market opportunities for the next five years for each region.

Access Details of Report @ https://www.marketresearchfuture.com/reports/wired-drill-pipe-market-4016

The scope of the study segments the global wired drill pipe market by product, by application and by regions.

By Location:

  • Onshore
  • Offshore

By Component Type:

  • Telemetry
  • Electrical Conductors
  • Electrical Transmitters
  • Pressure Sensors

By Application

  • Data collection
  • Managed pressure drilling
  • Wellbore integrity in ultra-depleted reservoirs

By Regions:

  • North America 
  • Asia Pacific 
  • Europe
  • Rest of the World  

About Market Research Future:

At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.

MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by products, services, technologies, applications, end users, and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions.

In order to stay updated with technology and work process of the industry, MRFR often plans & conducts meet with the industry experts and industrial visits for its research analyst members.

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