Analysis on Impact of Covid-19- Geothermal Drill Bits Market for Power Generation 2019-2023 | Demand for Geothermal Energy to Boost Growth | Technavio

LONDON--()--Technavio has been monitoring the geothermal drill bits market for power generation and it is poised to grow by USD 20.38 million during 2019-2023, progressing at a CAGR of almost 9% during the forecast period. The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment.

Technavio suggests three forecast scenarios (optimistic, probable, and pessimistic) considering the impact of COVID-19. Please Request Latest Free Sample Report on COVID-19 Impact

The market is fragmented, and the degree of fragmentation will accelerate during the forecast period. America West Drilling Supply Inc., Baker Hughes, a GE Co. LLC, Bit Brokers International Ltd., Blast Hole Bit Co. LLC, Epiroc AB, Halliburton Co., National Oilwell Varco Inc., Schlumberger Ltd., Torquato Drilling Accessories, and Varel International Energy Services Inc. are some of the major market participants. The demand for geothermal energy will offer immense growth opportunities. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

Demand for geothermal energy has been instrumental in driving the growth of the market.

Geothermal Drill Bits Market for Power Generation 2019-2023: Segmentation

Geothermal Drill Bits Market for Power Generation is segmented as below:

  • Type
    • Tricone
    • PDC
    • Others
  • Geographic Landscape
    • The Americas
    • APAC
    • EMEA

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Geothermal Drill Bits Market for Power Generation 2019-2023: Scope

Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources. Our geothermal drill bits market for power generation report covers the following areas:

  • Geothermal Drill Bits Market for Power Generation Size
  • Geothermal Drill Bits Market for Power Generation Trends
  • Geothermal Drill Bits Market for Power Generation Industry Analysis

This study identifies the increasing emphasis on generating electricity with minimal GHG emissions as one of the prime reasons driving the geothermal drill bits market for power generation growth during the next few years.

Geothermal Drill Bits Market for Power Generation 2019-2023: Vendor Analysis

We provide a detailed analysis of vendors operating in the geothermal drill bits market for power generation, including some of the vendors such as America West Drilling Supply Inc., Baker Hughes, a GE Co. LLC, Bit Brokers International Ltd., Blast Hole Bit Co. LLC, Epiroc AB, Halliburton Co., National Oilwell Varco Inc., Schlumberger Ltd., Torquato Drilling Accessories, and Varel International Energy Services Inc. Backed with competitive intelligence and benchmarking, our research reports on the geothermal drill bits market for power generation are designed to provide entry support, customer profile and M&As as well as go-to-market strategy support.

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Geothermal Drill Bits Market for Power Generation 2019-2023: Key Highlights

  • CAGR of the market during the forecast period 2019-2023
  • Detailed information on factors that will assist geothermal drill bits market for power generation growth during the next five years
  • Estimation of the geothermal drill bits market for power generation size and its contribution to the parent market
  • Predictions on upcoming trends and changes in consumer behavior
  • The growth of the geothermal drill bits market for power generation
  • Analysis of the market’s competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of geothermal drill bits market for power generation vendors

Table Of Contents:

PART 01: EXECUTIVE SUMMARY

PART 02: SCOPE OF THE REPORT

  • 2.1 Preface
  • 2.2 Preface
  • 2.3 Currency conversion rates for US$

PART 03: MARKET LANDSCAPE

  • Market ecosystem
  • Market characteristics
  • Market segmentation analysis

PART 04: MARKET SIZING

  • Market definition
  • Market sizing 2018
  • Market size and forecast 2018-2023

PART 05: FIVE FORCES ANALYSIS

  • Bargaining power of buyers
  • Bargaining power of suppliers
  • Threat of new entrants
  • Threat of substitutes
  • Threat of rivalry
  • Market condition

PART 06: MARKET SEGMENTATION BY TYPE

  • Market segmentation by type
  • Comparison by type
  • Tricone - Market size and forecast 2018-2023
  • PDC - Market size and forecast 2018-2023
  • Others - Market size and forecast 2018-2023
  • Market opportunity by type

PART 07: CUSTOMER LANDSCAPE

PART 08: GEOGRAPHIC LANDSCAPE

  • Geographic segmentation
  • Geographic comparison
  • EMEA - Market size and forecast 2018-2023
  • APAC - Market size and forecast 2018-2023
  • Americas - Market size and forecast 2018-2023
  • Key leading countries
  • Market opportunity

PART 09: DECISION FRAMEWORK

PART 10: DRIVERS AND CHALLENGES

  • Market drivers
  • Market challenges

PART 11: MARKET TRENDS

  • Technological advances in geothermal drilling
  • Advances in drill bits
  • Application of ML techniques to geothermal exploration

PART 12: VENDOR LANDSCAPE

  • Overview
  • Landscape disruption
  • Competitive scenario

PART 13: VENDOR ANALYSIS

  • Vendors covered
  • Vendor classification
  • Market positioning of vendors
  • America West Drilling Supply Inc.
  • Baker Hughes, a GE Co. LLC
  • Bit Brokers International Ltd.
  • Blast Hole Bit Co. LLC
  • Epiroc AB
  • Halliburton Co.
  • National Oilwell Varco Inc.
  • Schlumberger Ltd.
  • Torquato Drilling Accessories
  • Varel International Energy Services Inc.

PART 14: APPENDIX

  • Research methodology
  • List of abbreviations
  • Definition of market positioning of vendors

PART 15: EXPLORE TECHNAVIO

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Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/

Release Summary

The geothermal drill bits market is poised to grow by 20.38 mn during 2019-2023, according to Technavio

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/