Press Release

South America Oilfield Roller Chain Market is expected to grow at a robust CAGR

South America Oilfield Roller Chain Market is expected to grow owing to increasing energy demand, a stable regulatory environment, safety requirements and maintenance needs across South America throughout the forecast period.

 

According to TechSci Research report, “South America Oilfield Roller Chain Market - By Country, Competition, Forecast and Opportunities, 2018-2028”, the South America Oilfield Roller Chain Market is expected to register robust growth during the forecast period.

The significant oil and gas reserves in South America are considered a crucial supply source to meet global demand. Consequently, oil and gas companies are willing to make substantial investments in exploration and production activities in the region, thereby further driving the demand for essential equipment such as oilfield roller chains.

South America possesses abundant reserves of oil and natural gas, comprising both conventional and unconventional sources. With the continuous global increase in energy demand, there exists a substantial opportunity for oil and gas companies to expand their exploration and production endeavors in the region. Consequently, this growth will stimulate the demand for oilfield roller chains utilized in drilling, pumping, and material handling equipment.

 

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Based on application, the Hoisting Operations segment is expected to dominate the market during the forecast period. Hoisting operations in the South America Oilfield Roller Chain Market encompass the utilization of roller chains in crucial equipment such as hoisting winches, drilling rigs, elevators, and draw works. These roller chains play a pivotal role in the secure and efficient lifting and lowering of heavy loads, drilling tools, and well casings. Key activities in this segment include drilling, well completion, and material handling. The level of exploration and production activities in South America directly influences the demand for roller chains used in hoisting operations. As oil and gas companies strive to exploit both conventional and unconventional reserves, the significance of efficient and durable roller chains cannot be overstated. South America boasts extensive offshore oil reserves, particularly in the pre-salt formations off the coast of Brazil. Deepwater and ultra-deepwater drilling operations necessitate specialized roller chains capable of withstanding high loads and harsh marine environments. The growth in deepwater drilling represents a substantial opportunity in this segment. Ongoing advancements in drilling technology, such as automated drilling rigs and intelligent draw works systems, call for roller chains with superior performance characteristics. Manufacturers who can offer innovative roller chains tailored to these technologies are well-positioned for growth. Hoisting equipment is of utmost importance for the safety and productivity of oil and gas operations. The reliability of roller chains is paramount, as unforeseen failures can result in costly downtime. Maintenance contracts and services for roller chains present an opportunity for suppliers to ensure the continued performance of this equipment.

Based on type, the Conveyor Chain segment is projected to dominate the market throughout the forecast period. The Conveyor Chain segment, within the South America Oilfield Roller Chain Market, represents a specialized application area in the broader oil and gas industry. It encompasses the use of roller chains in various conveyor systems employed for the efficient transportation of materials, equipment, and components within oilfield operations including drilling, material handling, and production processes. Key applications within this segment include conveyor systems for transporting drill cuttings, mud, and equipment. Conveyor systems play a vital role in enhancing material handling efficiency in oilfield operations, ensuring smooth drilling and production processes. Roller chains used in conveyor systems must be designed for high reliability and durability. Effective disposal or recycling of drill cuttings is a critical aspect of oilfield operations, necessitating the use of conveyor chains in systems that transport drill cuttings from the drilling rig to processing units. As environmental regulations become more stringent, there is a growing demand for efficient and eco-friendly solutions in this segment. Additionally, conveyor systems in the oil and gas industry often operate in harsh and abrasive conditions, requiring roller chains capable of withstanding extreme temperatures, abrasive materials, and exposure to chemicals commonly encountered in drilling and production processes.

 

Key market players in the South America Oilfield Roller Chain Market are:-

  • FB Ketju Oy
  • Renold plc
  • Diamond Chain Company
  • Rexnord Corporation:
  • Wippermann jr GmbH
  • Timken Company
  • John King Chains
  • Ramsey Products Corporation
  • Tsubaki
  • Regina Catene Calibrate Spa

 

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“The South America Oilfield Roller Chain Market in Brazil is poised to be the dominant force in the industry. Brazil has been actively exploring renewable energy sources such as wind and solar power. Manufacturers of roller chains have the opportunity to diversify their product offerings and cater to these emerging markets by providing chains specifically designed for renewable energy applications.” said Mr. Karan Chechi, Research Director with TechSci Research, a research-based global management consulting firm.

“South America Oilfield Roller Chain Market By Application (Hoisting Operations, Sucker Rod Pump, Mud Pump and Others), By Type (Drive Chain, Conveyor Chain, Multi Strand Chain and Others), By Country, By Competition Forecast & Opportunities, 2018-2028,” has evaluated the future growth potential of South America Oilfield Roller Chain Market and provides statistics & information on market size, structure, and future market growth. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment decisions. Besides the report also identifies and analyzes the emerging trends along with essential drivers, challenges, and opportunities in South America Oilfield Roller Chain Market.

 

Contact

Mr. Ken Mathews

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New York – 10017

Tel: +1-646-360-1656

Email: [email protected]

Website: https://www.techsciresearch.com

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South America Oilfield Roller Chain Market By Application (Hoisting Operations, Sucker Rod Pump, Mud Pump and Others), By Type (Drive Chain, Conveyor Chain, Multi Strand Chain and Others), By Country, By Competition Forecast & Opportunities, 2018-2028

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