Mud Bucket For Oil & Gas Market 2018-2027: Regional Analysis and Forecast | Techsci Research

MANHATTAN, N.Y. - March 13, 2023 - PRLog -- As per the report by TechSci Research titled "Mud Bucket For Oil & Gas Market - Global Industry Size, Share, Trends, Opportunity and Forecast, 2017-2027", The demand for oil & gas is also on the rise, which is propelling the growth of the global mud bucket for oil & gas market in the next five years. In addition, the surging demand for horizontal directional drilling is playing an active role in driving the demand for mud buckets and thereby supporting the growth of the global mud bucket for oil & gas market in the upcoming five years. The rise in hydrocarbon production is also contributing to the growth of the global mud bucket for oil & gas market over the next five years. Furthermore, concerns regarding oil spillage and its impact on the environment are also boosting the growth of the global mud bucket for oil & gas market until 2027.

The segmentation of the global mud bucket for oil & gas market is based on location, type, well type, height, regional distribution, and competitive landscape. With respect to location, the market is divided into onshore and offshore. Onshore location is expected to hold the largest revenue share of the market and dominate the segment in the next five years due to the increasing number of onshore reservoirs and oil excavations from such locations. Additionally, the rising concern over oil spills on drill floors leading to accidental falls or accidents is also driving the growth of the global mud bucket for oil & gas market in the upcoming five years. The offshore location is also expected to witness significant growth in the next five years owing to concerns over oil spills in ocean water and the potential harm to marine life, loss of sea plants and animals, and environmental degradation.

On the basis of type, the market is further segmented into hydraulic and pneumatic mud buckets. The hydraulic mud bucket is an innovative option that enables 100% recovery of drilling fluid. It enhances drilling operations by preventing slick floor conditions, eliminates the possibility of slipping accidents on rig floors, reduces crew clean-up time, and eliminates wash-water disposal volumes.

Some of the market players, dominating the global market are :

• Forum Energy Technologies Inc.
• Sub-drill Supply Limited
• Schlumberger Limited
• Autobahn Industries
• Janki Oil Tools,
• Drilltech Group
• Hot-Hed International
• Machine Tech Services
• Ray Oil Tool Co.

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