Get In Touch

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).

This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.

Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:

  • Customer Experience Maps
  • Insights and Tools based on data-driven research
  • Actionable Results to meet all the business priorities
  • Strategic Frameworks to boost the growth journey

The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.

The following regional segments are covered comprehensively:

  • North America
  • Asia Pacific
  • Europe
  • Latin America
  • The Middle East and Africa

The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.

Below is a snapshot of these quadrants.

1. Customer Experience Map

The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.

2. Insights and Tools

The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.

3. Actionable Results

The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.

4. Strategic Frameworks

The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.

The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:

1. What can be the best investment choices for venturing into new product and service lines?

2. What value propositions should businesses aim at while making new research and development funding?

3. Which regulations will be most helpful for stakeholders to boost their supply chain network?

4. Which regions might see the demand maturing in certain segments in near future?

5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?

6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?

7. Which government regulations might challenge the status of key regional markets?

8. How will the emerging political and economic scenario affect opportunities in key growth areas?

9. What are some of the value-grab opportunities in various segments?

10. What will be the barrier to entry for new players 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.

Custom Market Research Services

TMR offers custom market research services that help clients to get information on their business scenario required where syndicated solutions are not enough.

REQUEST CUSTOMIZATION

Oil Field Roller Chain Market

Pre Book