Power Slip Lifter Market - Global Industry Size, Share, Trends, Opportunity and Forecast, 2017-2027 Segmented By Type (Hydraulic, Pneumatic), By Bushing (Casing Bushing, Master Bushing), By Location (Offshore, Onshore), By Holding Component (Drill Pipe Slips, Drill Collar Slips, Casing Slips, Others), By Region

December 2022 | 110 pages | ID: PC0E07E24059EN
TechSci Research

Abstracts

Global power slip lifter market is projected to register CAGR growth in the forecast years, 2023-2027 on the account of growth factors like increasing demand for the safety measures at the oil drilling sites. Surge in the demand for better and efficient drilling equipment, and rig pipe handling system is further anticipated to drive the growth of the global power slip lifter market in the upcoming five years.

Power slip lifters are pipe handling systems that is equipped with the functioning of lifting drill-collar slips, casing slips, drill pipe slips, etc. in and out of the rotary table. The lifter functions in both pneumatic and hydraulic systems. The system is often operated using a remote or operation valve that instigates the lifting and delivering functions without any human interaction, thus minimizing the accidental slips, injuries, and any safety hazard that may occur. The power slip lifters are designed to set faster and provide self-centering in bushing therefore helping to avoid any mishandling of the tools and also increase equipment life by avoiding wear-tear that may occur during manhandling.

Increasing Concerns Toward Safety Drives Market Growth

Oil rigs and drilling sites are major accident prone zones that may arise due to various reasons like oil spills, poor handling of drilling equipment, accidental wear and tear of the pipe handling systems, sudden instance of fire, etc. Concerns toward such accidents is increasing in the recent years. According to the Centers for Disease Control and Prevention (CDC), approximately 1,189 oil and gas extraction employees died in the U.S. between 2003 and 2013. This resulted in approximately 108 deaths per year, which the CDC determined was an average yearly fatality rate of 25 deaths per 100,000 employees.

The loss endured due to oil spillage, or poor equipment handling, and prolonged exposure is too high. Thus, exceptional safety measures over equipment, handling, and personnel are high in demand. Increasing concerns toward losses of commodity as well as that of human lives is driving the growth of the global power slip lifter market in the upcoming five years.

Increasing Oil & Gas Demands Drive Market Growth

Rapidly increasing demand for the oil and petroleum products from various end use industries is also indirectly driving the growth of the global power slip lifter market in the next five years. Global oil consumption recorded in the year 2020 was 88,477 thousand barrels per day. In United States, 17,178 thousand barrels per day oil consumption was recorded in the year 2020.To compensate increasing demands, oil production is also further increasing and aiding the demands for power slip lifters. Total oil production on a global level in the year 2020, was recorded to be 4165.1 million tonnes.

Power slip lifter are a part of oil drill pipe handling systems that ensures that maximum excavation of oil and petroleum products can be done thus increasing the efficiency of the rigs at minimum required cost of excavation.

Market Segmentation

The global power slip lifter market segmentation is based on type, bushing, location, holding component, regional distribution, and competitive landscape. Based on type, the market is divided between hydraulic and pneumatic. Segmentation on the basis of bushing, is differentiated between casing bushing and master bushing. Location segment is bifurcated between offshore and onshore. Based on holding component, the market is bifurcated into drill pipe slips, drill collar slips, casing slips, and others. The market analysis also studies the regional segmentation, divided among Asia-Pacific region, North American region, European region, South American region, and Middle East & African region.

Company Profile

Imenco Smart Solutions, Weatherford International, Forum Energy Technologies Inc., Janki Oil Tools, Keystone Energy Tools, Den•Con Tool Co., are enlisted in a partial list of major market players of the global power slip lifter market.

Report Scope:

In this report, global power slip lifter market has been segmented into following categories, in addition to the industry trends which have also been detailed below:

• Power Slip Lifter Market, By Type:
• Hydraulic
• Pneumatic
• Power Slip Lifter Market, By Bushing:
• Casing Bushing
• Master Bushing
• Power Slip Lifter Market, By Location:
• Offshore
• Onshore
• Power Slip Lifter Market, By Holding Component:
• Drill Pipe Slips
• Drill Collar Slips
• Casing Slips
• Others
• Power Slip Lifter Market, By Region:
• North America
• United States
• Mexico
• Canada
• Europe
• France
• Germany
• United Kingdom
• Italy
• Spain
• Poland
• Denmark
• Asia-Pacific
• China
• India
• Japan
• South Korea
• Australia
• Singapore
• Malaysia
• Middle East & Africa
• South Africa
• Saudi Arabia
• UAE
• Iraq
• Turkey
• South America
• Brazil
• Argentina
• Colombia
• Peru
• Chile

Competitive Landscape

Company Profiles: Detailed analysis of the major companies present in global power slip lifter market.

Available Customizations:

With the given market data, TechSci Research offers customizations according to a company’s specific needs. The following customization options are available for the report:

Company Information

• Detailed analysis and profiling of additional market players (up to five).

Contents

1. PRODUCT OVERVIEW

2. RESEARCH METHODOLOGY

3. IMPACT OF COVID-19 ON GLOBAL POWER SLIP LIFTER MARKET

4. EXECUTIVE SUMMARY

5. VOICE OF CUSTOMERS

5.1. Brand Awareness
5.2. Factors Considered while Selecting a Supplier
5.3. Customer Satisfaction Level
5.4. Major Challenges Faced

6. GLOBAL POWER SLIP LIFTER MARKET OUTLOOK

6.1. Market Size & Forecast
  6.1.1. By Value & Volume
6.2. Market Share & Forecast
  6.2.1. By Type (Hydraulic, Pneumatic)
  6.2.2. By Bushing (Casing Bushing, Master Bushing)
  6.2.3. By Location (Offshore, Onshore)
  6.2.4. By Holding Component (Drill Pipe Slips, Drill Collar Slips, Casing Slips, Others)
  6.2.5. By Region
  6.2.6. By Company
6.3. Product Market Map

7. NORTH AMERICA POWER SLIP LIFTER MARKET OUTLOOK

7.1. Market Size & Forecast
  7.1.1. By Value & Volume
7.2. Market Share & Forecast
  7.2.1. By Type
  7.2.2. By Bushing
  7.2.3. By Location
  7.2.4. By Holding Component
  7.2.5. By Country
7.3. North America: Country Analysis
  7.3.1. United States Power Slip Lifter Market Outlook
    7.3.1.1. Market Size & Forecast
      7.3.1.1.1. By Value
    7.3.1.2. Market Share & Forecast
      7.3.1.2.1. By Type
      7.3.1.2.2. By Bushing
      7.3.1.2.3. By Location
      7.3.1.2.4. By Holding Component
  7.3.2. Canada Power Slip Lifter Market Outlook
    7.3.2.1. Market Size & Forecast
      7.3.2.1.1. By Value
    7.3.2.2. Market Share & Forecast
      7.3.2.2.1. By Type
      7.3.2.2.2. By Bushing
      7.3.2.2.3. By Location
      7.3.2.2.4. By Holding Component
  7.3.3. Mexico Power Slip Lifter Market Outlook
    7.3.3.1. Market Size & Forecast
      7.3.3.1.1. By Value
    7.3.3.2. Market Share & Forecast
      7.3.3.2.1. By Type
      7.3.3.2.2. By Bushing
      7.3.3.2.3. By Location
      7.3.3.2.4. By Holding Component

8. ASIA-PACIFIC POWER SLIP LIFTER MARKET OUTLOOK

8.1. Market Size & Forecast
  8.1.1. By Value & Volume
8.2. Market Share & Forecast
  8.2.1. By Type
  8.2.2. By Bushing
  8.2.3. By Location
  8.2.4. By Holding Component
  8.2.5. By Country
8.3. Asia-Pacific: Country Analysis
  8.3.1. China Power Slip Lifter Market Outlook
    8.3.1.1. Market Size & Forecast
      8.3.1.1.1. By Value
    8.3.1.2. Market Share & Forecast
      8.3.1.2.1. By Type
      8.3.1.2.2. By Bushing
      8.3.1.2.3. By Location
      8.3.1.2.4. By Holding Component
  8.3.2. India Power Slip Lifter Market Outlook
    8.3.2.1. Market Size & Forecast
      8.3.2.1.1. By Value
    8.3.2.2. Market Share & Forecast
      8.3.2.2.1. By Type
      8.3.2.2.2. By Bushing
      8.3.2.2.3. By Location
      8.3.2.2.4. By Holding Component
  8.3.3. Japan Power Slip Lifter Market Outlook
    8.3.3.1. Market Size & Forecast
      8.3.3.1.1. By Value
    8.3.3.2. Market Share & Forecast
      8.3.3.2.1. By Type
      8.3.3.2.2. By Bushing
      8.3.3.2.3. By Location
      8.3.3.2.4. By Holding Component
  8.3.4. South Korea Power Slip Lifter Market Outlook
    8.3.4.1. Market Size & Forecast
      8.3.4.1.1. By Value
    8.3.4.2. Market Share & Forecast
      8.3.4.2.1. By Type
      8.3.4.2.2. By Bushing
      8.3.4.2.3. By Location
      8.3.4.2.4. By Holding Component
  8.3.5. Australia Power Slip Lifter Market Outlook
    8.3.5.1. Market Size & Forecast
      8.3.5.1.1. By Value
    8.3.5.2. Market Share & Forecast
      8.3.5.2.1. By Type
      8.3.5.2.2. By Bushing
      8.3.5.2.3. By Location
      8.3.5.2.4. By Holding Component
  8.3.6. Singapore Power Slip Lifter Market Outlook
    8.3.6.1. Market Size & Forecast
      8.3.6.1.1. By Value
    8.3.6.2. Market Share & Forecast
      8.3.6.2.1. By Type
      8.3.6.2.2. By Bushing
      8.3.6.2.3. By Location
      8.3.6.2.4. By Holding Component
  8.3.7. Malaysia Power Slip Lifter Market Outlook
    8.3.7.1. Market Size & Forecast
      8.3.7.1.1. By Value
    8.3.7.2. Market Share & Forecast
      8.3.7.2.1. By Type
      8.3.7.2.2. By Bushing
      8.3.7.2.3. By Location
      8.3.7.2.4. By Holding Component

9. EUROPE POWER SLIP LIFTER MARKET OUTLOOK

9.1. Market Size & Forecast
  9.1.1. By Value & Volume
9.2. Market Share & Forecast
  9.2.1. By Type
  9.2.2. By Bushing
  9.2.3. By Location
  9.2.4. By Holding Component
  9.2.5. By Country
9.3. Europe: Country Analysis
  9.3.1. Germany Power Slip Lifter Market Outlook
    9.3.1.1. Market Size & Forecast
      9.3.1.1.1. By Value
    9.3.1.2. Market Share & Forecast
      9.3.1.2.1. By Type
      9.3.1.2.2. By Bushing
      9.3.1.2.3. By Location
      9.3.1.2.4. By Holding Component
  9.3.2. United Kingdom Power Slip Lifter Market Outlook
    9.3.2.1. Market Size & Forecast
      9.3.2.1.1. By Value
    9.3.2.2. Market Share & Forecast
      9.3.2.2.1. By Type
      9.3.2.2.2. By Bushing
      9.3.2.2.3. By Location
      9.3.2.2.4. By Holding Component
  9.3.3. France Power Slip Lifter Market Outlook
    9.3.3.1. Market Size & Forecast
      9.3.3.1.1. By Value
    9.3.3.2. Market Share & Forecast
      9.3.3.2.1. By Type
      9.3.3.2.2. By Bushing
      9.3.3.2.3. By Location
      9.3.3.2.4. By Holding Component
  9.3.4. Italy Power Slip Lifter Market Outlook
    9.3.4.1. Market Size & Forecast
      9.3.4.1.1. By Value
    9.3.4.2. Market Share & Forecast
      9.3.4.2.1. By Type
      9.3.4.2.2. By Bushing
      9.3.4.2.3. By Location
      9.3.4.2.4. By Holding Component
  9.3.5. Spain Power Slip Lifter Market Outlook
    9.3.5.1. Market Size & Forecast
      9.3.5.1.1. By Value
    9.3.5.2. Market Share & Forecast
      9.3.5.2.1. By Type
      9.3.5.2.2. By Bushing
      9.3.5.2.3. By Location
      9.3.5.2.4. By Holding Component
  9.3.6. Poland Power Slip Lifter Market Outlook
    9.3.6.1. Market Size & Forecast
      9.3.6.1.1. By Value
    9.3.6.2. Market Share & Forecast
      9.3.6.2.1. By Type
      9.3.6.2.2. By Bushing
      9.3.6.2.3. By Location
      9.3.6.2.4. By Holding Component
  9.3.7. Denmark Power Slip Lifter Market Outlook
    9.3.7.1. Market Size & Forecast
      9.3.7.1.1. By Value
    9.3.7.2. Market Share & Forecast
      9.3.7.2.1. By Type
      9.3.7.2.2. By Bushing
      9.3.7.2.3. By Location
      9.3.7.2.4. By Holding Component

10. SOUTH AMERICA POWER SLIP LIFTER MARKET OUTLOOK

10.1. Market Size & Forecast
  10.1.1. By Value & Volume
10.2. Market Share & Forecast
  10.2.1. By Type
  10.2.2. By Bushing
  10.2.3. By Location
  10.2.4. By Holding Component
  10.2.5. By Country
10.3. South America: Country Analysis
  10.3.1. Brazil Power Slip Lifter Market Outlook
    10.3.1.1. Market Size & Forecast
      10.3.1.1.1. By Value
    10.3.1.2. Market Share & Forecast
      10.3.1.2.1. By Type
      10.3.1.2.2. By Bushing
      10.3.1.2.3. By Location
      10.3.1.2.4. By Holding Component
  10.3.2. Argentina Power Slip Lifter Market Outlook
    10.3.2.1. Market Size & Forecast
      10.3.2.1.1. By Value
    10.3.2.2. Market Share & Forecast
      10.3.2.2.1. By Type
      10.3.2.2.2. By Bushing
      10.3.2.2.3. By Location
      10.3.2.2.4. By Holding Component
  10.3.3. Colombia Power Slip Lifter Market Outlook
    10.3.3.1. Market Size & Forecast
      10.3.3.1.1. By Value
    10.3.3.2. Market Share & Forecast
      10.3.3.2.1. By Type
      10.3.3.2.2. By Bushing
      10.3.3.2.3. By Location
      10.3.3.2.4. By Holding Component
  10.3.4. Peru Power Slip Lifter Market Outlook
    10.3.4.1. Market Size & Forecast
      10.3.4.1.1. By Value
    10.3.4.2. Market Share & Forecast
      10.3.4.2.1. By Type
      10.3.4.2.2. By Bushing
      10.3.4.2.3. By Location
      10.3.4.2.4. By Holding Component
  10.3.5. Chile Power Slip Lifter Market Outlook
    10.3.5.1. Market Size & Forecast
      10.3.5.1.1. By Value
    10.3.5.2. Market Share & Forecast
      10.3.5.2.1. By Type
      10.3.5.2.2. By Bushing
      10.3.5.2.3. By Location
      10.3.5.2.4. By Holding Component

11. MIDDLE EAST & AFRICA POWER SLIP LIFTER MARKET OUTLOOK

11.1. Market Size & Forecast
  11.1.1. By Value & Volume
11.2. Market Share & Forecast
  11.2.1. By Type
  11.2.2. By Bushing
  11.2.3. By Location
  11.2.4. By Holding Component
  11.2.5. By Country
11.3. Middle East & Africa: Country Analysis
  11.3.1. Saudi Arabia Power Slip Lifter Market Outlook
    11.3.1.1. Market Size & Forecast
      11.3.1.1.1. By Value
    11.3.1.2. Market Share & Forecast
      11.3.1.2.1. By Type
      11.3.1.2.2. By Bushing
      11.3.1.2.3. By Location
      11.3.1.2.4. By Holding Component
  11.3.2. South Africa Power Slip Lifter Market Outlook
    11.3.2.1. Market Size & Forecast
      11.3.2.1.1. By Value
    11.3.2.2. Market Share & Forecast
      11.3.2.2.1. By Type
      11.3.2.2.2. By Bushing
      11.3.2.2.3. By Location
      11.3.2.2.4. By Holding Component
  11.3.3. UAE Power Slip Lifter Market Outlook
    11.3.3.1. Market Size & Forecast
      11.3.3.1.1. By Value
    11.3.3.2. Market Share & Forecast
      11.3.3.2.1. By Type
      11.3.3.2.2. By Bushing
      11.3.3.2.3. By Location
      11.3.3.2.4. By Holding Component
  11.3.4. Iraq Power Slip Lifter Market Outlook
    11.3.4.1. Market Size & Forecast
      11.3.4.1.1. By Value
    11.3.4.2. Market Share & Forecast
      11.3.4.2.1. By Type
      11.3.4.2.2. By Bushing
      11.3.4.2.3. By Location
      11.3.4.2.4. By Holding Component
  11.3.5. Turkey Power Slip Lifter Market Outlook
    11.3.5.1. Market Size & Forecast
      11.3.5.1.1. By Value
    11.3.5.2. Market Share & Forecast
      11.3.5.2.1. By Type
      11.3.5.2.2. By Bushing
      11.3.5.2.3. By Location
      11.3.5.2.4. By Holding Component

12. MARKET DYNAMICS

12.1. Drivers
12.2. Challenges

13. MARKET TRENDS & DEVELOPMENTS

14. COMPANY PROFILES

14.1. Imenco Smart Solutions
14.2. Weatherford International
14.3. Forum Energy Technologies Inc.
14.4. Janki Oil Tools
14.5. Keystone Energy Tools
14.6. Den•Con Tool Co.

15. STRATEGIC RECOMMENDATIONS

16. ABOUT US & DISCLAIMER