Oil Field Roller Chain Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2017 - 2025

Oil Field Roller Chain Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2017 - 2025

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Report Description

Oil field operations are subjected to high shock load and high cyclic load. Roller chains used in the oil & gas industry need to be capable of handling shock loads, fatigue, and cyclic loads. They should have maximum tensile strength and corrosion resistance. Roller chains are primarily used for lifting heavy loads and power transmission. The American Petroleum Society (API) specification 7F covers the design aspects of roller chains used in the oil & gas industry.

The oil field roller chain market can be segmented based on product type, chain joint type, application, and region. In terms of product type, the oil field roller chain market can be classified into heavy series chain, single strand chain, multiple strand chain, and single & multiple strand chain assemblies. The heavy series chain consists of larger pitches. They are mainly used to carry higher loads during low speed operation. Single strand chains are used for lifting lower loads. They are primarily employed in sucker rod pump application. Single and multiple strand chain assemblies are employed in hoisting and mud pump drive operations. They are designed to lift heavy loads at high speeds. The single & multiple strand chain assemblies segment holds the major share of the oil field roller chain market in terms of volume and value.

Based on chain joint type, the oil field roller chain market can be divided into riveted chain and cottered chain. Riveted chain is made using pins that spread through the plate on each side and are then side mashed on their ends to hold between the plate and pin. Riveted chains have permanent joints; the links can only break when the rivet fails. Cottered chain is made with pins spreading through the plate on one side and on the other side a cross- drilled hole is made for inserting cotter pin. Cottered joined plates are easy to remove. The riveted chain segment accounts for the key share of the oil field roller chain market due to its capability of holding high loads without fail.

In terms of application, the oil field roller chain market can be segregated into hoisting, rotary table, mud pump drive, sucker rod pump, transmission, and others. Hoisting can be sub-segmented into draw-works, high drum, and low drum. Roller chains used in hoisting system is subject to heavy loads during lifting and lowering of drill pipes and casings. The hoisting segment constituted key share of the oil field roller chain market. It is followed by the mud pump drive segment.

Based on region, the oil field roller chain market can be divided into North America, Europe, Latin America, Asia Pacific, and Middle East & Africa. North America accounts for significant share of the oil field roller chain market. This is due to the increase in exploration activities of unconventional reserves such as coal bed methane and shale oil & gas in the region. However, the oil field roller chain market in Asia Pacific is anticipated to expand at a fast-paced during the forecast due to the increase in usage of enhanced oil recovery techniques.

Recover in crude oil prices has resulted in an increase in oil & gas drilling activities. This is estimated to augment the demand for oil field roller chains.

Key players operating in the oil field roller chain market are Diamond Chain Company (the U.S.), Tsubakimoto Chain Co. (Japan), Rexnord Corporation (Germany), Emerson Bearing Company (the U.S.), Rombo (India), Zhejiang Gidi industrial Chain Co., Ltd. (China), Flowtools Middle East LLC ( Dubai), Renold plc (UK), Wippermann jr. GmbH (Germany), Daido Kogyo Co., Ltd. (Japan), Hale Brothers, Inc (the U.S.), Hengjiu Group (China), and Sugiyama Chain Co., Ltd. (Japan).

The report offers a comprehensive evaluation of the market. It does so via in-depth qualitative insights, historical data, and verifiable projections about market size. The projections featured in the report have been derived using proven research methodologies and assumptions. By doing so, the research report serves as a repository of analysis and information for every facet of the market, including but not limited to: Regional markets, technology, types, and applications.

The study is a source of reliable data on:

  • Market segments and sub-segments
  • Market trends and dynamics
  • Supply and demand
  • Market size
  • Current trends/opportunities/challenges
  • Competitive landscape
  • Technological breakthroughs
  • Value chain and stakeholder analysis

The regional analysis covers:

  • North America (U.S. and Canada)
  • Latin America (Mexico, Brazil, Peru, Chile, and others)
  • Western Europe (Germany, U.K., France, Spain, Italy, Nordic countries, Belgium, Netherlands, and Luxembourg)
  • Eastern Europe (Poland and Russia)
  • Asia Pacific (China, India, Japan, ASEAN, Australia, and New Zealand)
  • Middle East and Africa (GCC, Southern Africa, and North Africa)

The report has been compiled through extensive primary research (through interviews, surveys, and observations of seasoned analysts) and secondary research (which entails reputable paid sources, trade journals, and industry body databases). The report also features a complete qualitative and quantitative assessment by analyzing data gathered from industry analysts and market participants across key points in the industry’s value chain.

A separate analysis of prevailing trends in the parent market, macro- and micro-economic indicators, and regulations and mandates is included under the purview of the study. By doing so, the report projects the attractiveness of each major segment over the forecast period.

Highlights of the report:

  • A complete backdrop analysis, which includes an assessment of the parent market
  • Important changes in market dynamics
  • Market segmentation up to the second or third level
  • Historical, current, and projected size of the market from the standpoint of both value and volume
  • Reporting and evaluation of recent industry developments
  • Market shares and strategies of key players
  • Emerging niche segments and regional markets
  • An objective assessment of the trajectory of the market
  • Recommendations to companies for strengthening their foothold in the market

Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.

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