Oil Field Roller Chain Market Scope
The oilfield roller chain is designed and manufactured to provide the absolute greatest performance and reliability for oilfield fix applications. With high load capacity and strong wear resistance, the tough conditions are not an issue. Oilfield roller chains play an imperative part in the oil & gas industry where different types of oilfield roller chains such as drive chains, conveyer chains, multi-strand chains, etc. are used for exploration exercises. Owing to their significant operating advantages such as reliability and durability, oilfield roller chains are used broadly within the oil and field segment. They have crucial properties which include tall dynamic load capacity, significant wear resistance, shock resistant rollers, etc. These properties give several benefits such as high impact strength and maximising reliability in difficult work conditions.
The Oil Field Roller Chain market study is segmented by Type (Drive Chain, Conveyor Chain and Multi Strand Chain), by Application (Hoisting Operations, Sucker Rod Pump and Mud Pump) and major geographies with country level break-up.
The global industrial sensors industry is highly competitive due to the presence of giant players having strong distribution networks worldwide. The manufacturers are focusing on mergers & acquisitions to improve their market share and overall market position. Product launches, research, and expansion of the existing product portfolio are some of the other strategies that should be considered to gain ground in the market during the assessment period. Research Analyst at AMA estimates that United States Manufacturers will contribute to the maximum growth of Global Oil Field Roller Chain market throughout the predicted period.
ARK ENGINEERING WORKS (India), DAIDO KOGYO CO., LTD. (Japan), Diamond Chain Company, Inc. (United States), Emerson Bearing Company (United States), Flowtools Middle East LLC (United Arab Emirates), Fördertechnik Kentzler GmbH (Germany), Hale Brothers, Inc (United States), Hengjiu Group (China), Jereh Global Development LLC (China), Joh. Winklhofer Beteiligungs GmbH & Co. KG (Germany), Renold plc (United Kingdom) and Rexnord Corporation (United States) are some of the key players that are part of study coverage. Additionally, the Manufacturers which are also part of the research are Rombo Chain (India), Sugiyama Chain Co., Ltd. (Japan), Timken (United States), Tsubakimoto Chain Co. (Japan), Wippermann (Germany) and Zhejiang Gidi Industrial Chain Co., Ltd. (China).
About Approach
The research aims to propose a patent-based approach in searching for potential technology partners as a supporting tool for enabling open innovation. The study also proposes a systematic searching process of technology partners as a
preliminary step to select the emerging and key players that are involved in implementing market estimations. While patent analysis is employed to overcome the aforementioned data- and process-related limitations, as expenses occurred in that technology allows us to estimate the market size by evolving segments as target market from total available market.
Segmentation Overview
AMA Research has segmented the market of Global Oil Field Roller Chain market by Type, Application and Region.
On the basis of geography, the market of Oil Field Roller Chain has been segmented into South America (Brazil, Argentina, Chile, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Singapore, Indonesia, Thailand, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Spain, Sweden, Belgium, Finland, Denmark, Russia, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
Market Leaders and their expansionary development strategies
On April 2019, Timken Acquires The Diamond Chain Company, Expanding Its Leadership in Engineered Industrial Chain. The acquisition of The Diamond Chain Company adds another strong industrial brand with a reputation for quality, reliability and performance to Timken's growing power transmission portfolio.
Market Trend
- Surging Investments in Production and Testing Equipment
Market Drivers
- Rising Production from Offshore Fields
- Growing Investments in Exploration & Production
- Increasing Availability of Lube Free Roller Chains
Opportunities
- Untapped Market of Various Nation
- Rising Upstream Investments by the Various Oil and Gas Industry
Restraints
- High Cost of the Product
- Rising Adoption of Alternative Energy Sources
Challenges
- Downturn in Oil & Gas Industry
- Large Number of Players in the Market both Local and International
- Competition from Pressure Sensors Market
Key Target Audience
Oil Field Roller Chain Manufacturers, Suppliers, and Distributors, Component Suppliers, New Entrants/Investors, Venture Capitalists and Private Equity Firms, End-Use Industries and Others