Lewes, DE -- (SBWIRE) -- 05/22/2015 -- Report forecast the drill collar market in the Middle East to grow at a CAGR of 13.19% over the period 2014-2019.

Drill collars are an essential part of the drill string. They form the lowest component of the drill string. Drill collars are heavy, thick-walled steel pipes with threaded connections at both ends. The end with an external thread is known as the male end, whereas the end with an internal thread is known as the female end. The basic purpose of a drill collar is to provide the necessary weight for drilling purposes.

Drill collars are machined out of solid steel bars as per API specifications. They are manufactured from standard steel (usually plain carbon steel) or a non-magnetic alloy of steel and copper or other non-magnetic alloys. The bars of solid steel are bored from one end to the other to provide passage for drilling fluids. There are usually two types of drill collar: slick and spiral. Standard drill collars are about 9 meters in length. Drill collars are characterized by high tensile strength and fatigue resistance.

The various uses of drill collars are:
- To provide necessary weight to the drill bit
- To protect the drill string from buckling forces
- To provide a pendulum effect to maintain the vertical trajectory of the well
- To stabilize the drill bit to increase the drilling efficiency
- To help maintain hole size integrity

The drill collar market in the Middle East is segmented as follows:
- Design: Slick and spiral
- Raw materials: Standard steel drill collar and non-magnetic alloy drill collar

According to the report, increased global demand for oil and gas is fueling the market growth. This demand will encourage vendors to make large investments in advanced oilfield technologies to increase the efficiency and reliability of drill collars and other drilling equipments.

Further, the report states that geopolitical issues in the Middle East have led to the decline in foreign investments and also adversely impacted the ongoing and upcoming drilling projects. With the rising environmental and human health concerns, renewable and sustainable sources of energy have gained importance over fossil fuels.

Drill Collar Market in the Middle East 2015-2019, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the drill collar market in Middle East forecast and its growth prospects in the coming years. The report also includes a discussion of the key vendors operating in this market.

Key players in the drill collar market in the Middle East: Halliburton, Hunting plc, Schlumberger Ltd., Tasman Oil Tools, Vallourec SA and Weatherford International

Other Prominent Vendors in the market are: National Oilwell Varco, Challenger International, ACE, Command Energy Services, Downhole Oil Tools, Workstrings International, Global drilling solutions and Aliron Tool Research.

Market Driver
- Increased Demand for Oil and Gas Globally
- For a full, detailed list, view our report

Market Challenge
- Increase in Geopolitical Issues
- For a full, detailed list, view our report

Market Trend
- Advances in Technology
- For a full, detailed list, view our report

Key Questions Answered in this Report
- What will the market size be in 2019 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?

Spanning over 88 pages, "Drill Collars Market in the Middle East 2015-2019" report covers Executive Summary, List of Abbreviations, Scope of the Report, Market Research Methodology, Introduction, Overview of Oil and Gas Market in Middle East, Market Landscape, Market Segmentation by Raw Material, Market Segmentation by Design, Key Leading Countries, Buying Criteria, Market Growth Drivers, Drivers and their Impact, Market Challenges, Impact of Drivers and Challenges, Market Trends, Trends and their Impact, Vendor Landscape, Key Vendor Analysis.

For further information on this report, please visit- http://www.marketresearchreports.com/technavio/drill-collars-market-middle-east-2015-2019

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