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PDC Drill Bits Market will experience the highest growth rate of 4.41% during the given forecast period 2018 – 2023

Bharat Book Bureau Provides the Trending Market Research Report on “Global PDC Drill Bits Market, Forecast to 2023” under Heavy Industry category. The report provides information on industry overview, market size, latest developments, industry trends, Key Players, global presence, and their future prospects.

The PDC drill bits market is projected to grow at a CAGR of 4.41% from 2018 to 2023

The PDC drill bits market is projected to reach USD 4.54 billion by 2023, growing at a CAGR of 4.41% from 2018 to 2023. The growth of the PDC drill bits market can be attributed to an increase in oil & gas drilling activities across the world. Increasing focus on renewable energy by governments of many countries is the major challenge faced by the players in this market.

Request a free sample copy of PDC Drill Bits Market Report @ https://www.bharatbook.com/MarketReports/Sample/Reports/1080495

The matrix body segment is expected to grow at the highest CAGR of 4.69% from 2017 to 2022

The matrix body segment is estimated to grow at the highest CAGR in the PDC drill bits market during the forecast period. The increase in the global oil & gas well drilling has accentuated the need for drill bits. Since after the financial crunch in oil & gas, a majority of the operators are looking for an advanced technology that can drill a well at a higher Rate of Penetration (ROP) in less down-time cost.

15–24 mm: The largest market for PDC drill bits, by size of PDC cutter

The 15–24 mm size segment is estimated to hold the largest share of the PDC drill bits market in 2017 and is expected to grow at a decent pace during the forecast period. The 15-24 mm segment is used for drilling medium-hard and hard formations with a higher ROP, which is one of the major driving factors for the growth of the 15–24 mm PDC drill bits market. It is expected that the US, China, and some countries of the Middle East will have a greater demand for the 15–24 mm sized bit in the near future.

North America: The fastest-growing market for PDC drill bits

The US is estimated to be the fastest-growing market for PDC drill bits during the forecast period. The market growth in the region can be attributed to the recent developments in the oil & gas drilling activity in the US, Canada, and Mexico. The increase in the shale gas exploration & production is also likely to boost the demand for PDC drill bits in the region during the forecast period.

Breakdown of Primaries:

In-depth interviews have been conducted with various key industry participants, subject-matter experts, C-level executives of key market players, and industry consultants, among other experts, to obtain and verify critical qualitative and quantitative information, as well as assess future market prospects.

The distribution of primary interviews is as follows:

– By Company Type: Tier 1 – 55%, Tier 2 – 20%, Tier 3 – 25%
– By Designation: C-Level – 35%, D – Level- 30%, Others – 35%
– By Region: North America – 30%, Europe – 20%, Asia Pacific – 25%, South America – 5%, Middle East – 15%, and Africa – 5%

Note: The tier of the companies has been defined on the basis of their total revenue; as of 2016: Tier 1 = >USD 1 billion, Tier 2 = from USD 100 million to USD 500 million, and Tier 3 = <USD 100 million.

The key players in the PDC drill bits market include Schlumberger (US), BHGE (US), Halliburton (US), NOV (US), and Varel (US).

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LumaSense introduces Bundled Solution for Air-Exchange Analysis with Multipoint Sampler and Doser

Lumasense’s new easy-to-use solution for measuring airflow ventilation and purification efficiency.

LumaSense introduces Bundled Solution for Air-Exchange Analysis with Multipoint Sampler and Doser

Air-Exchange Analysis with Multipoint Sampler and Doser and Photoacoustic Gas Monitor.

SANTA CLARA (CA), Sep 12, 2017 – LumaSense Technologies, Inc., https://www.lumasenseinc.com/ , experts in gas measurement, introduces the Innova 1403 multipoint gas sampler and gas doser for air-exchange and flow analysis.

The bundled system solution includes the Innova 1403, the Innova 1412i Photoacoustic Gas Monitor, and 7650 Application Software. Two variations of the system solution are available: Innova 3750-2 Basic Ventilation System Dual Gas and Innova 3750-5 Basic Ventilation System Multi Gas (for up to 5 different gas compounds).

Does the air diffuser works propper? Do you like to improve the air quality? This ventilation solution is specifically designed to accurately dose tracer gas and quantify its distribution throughout the complex ventilation systems found in modern high energy efficiency buildings, rooms and workplace environments including offices, hospitals, and laboratories.

„Innova products are recognized as the gold standard for indoor air quality measurements. Their unique capabilities measure air exchange and purification efficiency with unparalleled accuracy and allow tracing of minute levels of contaminants,“ explained Gregor Hsiao, LumaSense Gas Product Manager.

Ventilation Monitoring: The Innova 1403 can deliver either SF6 or R124a tracer-gas up to help measure the effectiveness of a ventilation system. The user sets up the sampler and the doser unit by
selecting up to 6 sample channels and 1 out of 3 doser channels.

In an air-exchange analysis system, the doser marks the supply air of the room with a known amount of tracer gas. The sampler system then takes a sample of the return-air from the room and delivers the sample to the 1412i for analysis. While the 1412i performs the analysis, the 1403 takes the next sample from the room. The 7560 software uses the tracer gas concentrations measured by the 1412i to calculate the ventilation system performance based on a few simple user inputs.

Trace gas, ventilation monitoring, photoacoustic analyser and monitoring, gas dosing system – the Innova 1403 is an integral part of a system approach to monitoring and measuring the effectiveness of ventilation systems often found in building materials, passenger cabins, Heating, Ventilation and Air Conditioning (HVAC) solutions, or extraction systems (such as fume hoods). In addition, quantifying air exchange rates and identifying the sources of indoor air pollutants for new green building designs allows for optimizing ventilation for worker health and productivity while maintaining energy efficiency.

About LumaSense Technologies™

LumaSense Technologies, Inc.® is one of the world“s most trusted providers of innovative temperature and gas sensing devices. By applying LumaSense“s proven systems and software, customers in Global Energy, Industrial Materials, and Advanced Technologies markets are able to reduce waste and inefficiency in their processes.
For more information about LumaSense Technologies visit http://www.LumasenseInc.com .

LumaSense Technologies Inc.
Janelle Coponen
3301 Leonard Court –
95054 Santa Clara, CA
Phone: + 1.906.487.6060
E-Mail: j.coponen@lumasenseinc.com
Url: http://www.lumasenseinc.com