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Hydraulic Tubing Anchor Market, by Type (Differential Pressure Tubing Anchor and Pressure Tubing Anchor), by Application (Drilling for Oil, Mining, and Others), by Region (North America, Europe, Asia Pacific, Latin America, and Middle East and Africa) - Size, Share, Outlook, and Opportunity Analysis, 2019 - 2027<br>
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HYDRAULIC TUBING ANCHOR MARKET ANALYSIS Hydraulic Tubing Anchor Market, by Type (Differential Pressure Tubing Anchor and Pressure Tubing Anchor), by Application (Drilling for Oil, Mining, and Others), by Region (North America, Europe, Asia Pacific, Latin America, and Middle East and Africa) - Size, Share, Outlook, and Opportunity Analysis, 2019 - 2027
Market Overview A hydraulically activated anchor is designed to hold the compression and tension by moving the tubing string in the well. The tubing anchor is designed with a heated steel alloy to hold maximum power in tension and compression. The holding capacity of the anchor is examined by a hydraulic the jack which is placed below the tubing anchor. The catcher in the tubing anchor avoids action of the tubing anchor during pumping strokes and holds it stationary from the moving apart. The tubing anchor is operated by applying pressure to the tubing. Additionally, the hydraulic tubing anchor is used to increase efficiency of the pump, reduces the size of rod and hold tubing rods from falling into the well
Factors driving growth of the hydraulic tubing anchor market For instance, D&L Oil Tool, a U.S based company, provides the ASI-X ANCHOR for treating, drilling, infecting, and pumping and also in flowing wells. The double slip design of the ASIX-ANCHOR allows the tubing anchor to be left in compression or tension based on the application. In November 2017, D&L Oil Tools Company launched Trilobite Anchors with three heat-treated steel alloy slips which provide strong holding in tension and compression.
Regional analysis of hydraulic tubing anchor market Various companies are using these tubing anchors for drilling oil which is driving the growth of this market. According to a report published by the Energy Information Administration (EIA) in December 2019, the U.S. oil production reached 9.97 million barrels per day in December 2017 and 12.04 million barrels per day in December 2018. Additionally, the production of natural gas in U.S reached 97.59 billion cubic feet per day in December 2017 and 108.56 billion cubic feet per day in December 2018.
Key players in the hydraulic tubing anchor market Key players operating in the hydraulic tubing anchor market include D&L Oil Tools, Peak Completion Technologies, Inc., Don-Nan, Rubicon, Black Dog, DongyingKangya Petroleum Equipment Co., Ltd., Wise Channel Industries Limited, and Tianjin Soright Technology Development Co., Ltd.
Segmentation of the hydraulic tubing anchor market On the basis of type, the market is segmented into: • Differential Pressure Tubing Anchor • Pressure Tubing Anchor On the basis of application, the market is segmented into: • Drilling for Oil • Mining • Others On the basis of region, the market is segmented into: • North America • Europe • Asia Pacific • Latin America • Middle East and Africa
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