South America Oilfield Roller Chain Market to Cross USD26 million by 2022

Increasing investments in oil & gas exploration and production to fuel South America oilfield roller chain market through 2022

According to a recently published TechSci Research report, “South America Oilfield Roller Chain Market By Application, By Type, By Country, Competition Forecast & Opportunities, 2012-2022”, South America oilfield roller chain market is anticipated to cross $ 26 million by 2022. Brazil is the most attractive region for deep and ultra-deep-water reserves in South America. Drilling deep water reserves would require roller chains for power transmission. This is expected to drive demand for oilfield roller chain in the region during the forecast period. In 2016, Shell announced the company’s plans to invest $ 10 billion into Brazil's deep-water fields over the next few years. In 2017, Rosneft Brazil announced its plan to drill first oil well in Brazil. The project wold be carried out by America’s Schlumberger and Brazil’s Queiroz Galvao Oleo e Gas (QGOG). South America is expected to display growth in oilfield roller chain market in the coming years, on account of increasing offshore field development activities being undertaken in Brazil, Argentina and Venezuela.

Browse 15 Figures 6 Market Data Tables spread through 65 Pages and an in-depth TOC on "South America Oilfield Roller Chain Market"

https://www.techsciresearch.com/report/south-america-oilfield-roller-chain-market-by-application-hoisting-operations-sucker-rod-pump-mud-pump-others-by-type-drive-chain-conveyor-chain-multi-strand-chain-others-by-country-competition-forecast-opportunities/1108.html

“South America oilfield roller chain market is expected to grow in the coming years on account of surging investments in exploration and production of oil & gas in the region. Moreover, recovering crude oil prices is expected to compel companies to start their CAPEX cycle again, hence fueling demand for oilfield roller chain in the region through 2022.”, said Mr. Karan Chechi, Research Director with TechSci Research, a research based global management consulting firm.

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“South America Oilfield Roller Chain Market By Application, By Type, By Country, Competition Forecast & Opportunities, 2012-2022” has evaluated the future growth potential of South America oilfield roller chain market and provides statistics and information on market structure and trends. The report is intended to provide cutting-edge market intelligence and help decision makers take sound investment evaluation. Besides, the report also identifies and analyzes emerging trends along with essential drivers, challenges and opportunities available in South America oilfield roller chain market.

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