Global power slip lifter market is projected to register CAGR growth in the forecast years, 2023-2027 on the account of growth factors like increasing demand for the safety measures at the oil drilling sites. Surge in the demand for better and efficient drilling equipment, and rig pipe handling system is further anticipated to drive the growth of the global power slip lifter market in the upcoming five years.

Power slip lifters are pipe handling systems that is equipped with the functioning of lifting drill-collar slips, casing slips, drill pipe slips, etc. in and out of the rotary table. The lifter functions in both pneumatic and hydraulic systems. The system is often operated using a remote or operation valve that instigates the lifting and delivering functions without any human interaction, thus minimizing the accidental slips, injuries, and any safety hazard that may occur. The power slip lifters are designed to set faster and provide self-centering in bushing therefore helping to avoid any mishandling of the tools and also increase equipment life by avoiding wear-tear that may occur during manhandling.

Increasing Concerns Toward Safety Drives Market Growth

Oil rigs and drilling sites are major accident prone zones that may arise due to various reasons like oil spills, poor handling of drilling equipment, accidental wear and tear of the pipe handling systems, sudden instance of fire, etc. Concerns toward such accidents is increasing in the recent years. According to the Centers for Disease Control and Prevention (CDC), approximately 1,189 oil and gas extraction employees died in the U.S. between 2003 and 2013. This resulted in approximately 108 deaths per year, which the CDC determined was an average yearly fatality rate of 25 deaths per 100,000 employees.

The loss endured due to oil spillage, or poor equipment handling, and prolonged exposure is too high. Thus, exceptional safety measures over equipment, handling, and personnel are high in demand. Increasing concerns toward losses of commodity as well as that of human lives is driving the growth of the global power slip lifter market in the upcoming five years.

Increasing Oil & Gas Demands Drive Market Growth

Rapidly increasing demand for the oil and petroleum products from various end use industries is also indirectly driving the growth of the global power slip lifter market in the next five years. Global oil consumption recorded in the year 2020 was 88,477 thousand barrels per day. In United States, 17,178 thousand barrels per day oil consumption was recorded in the year 2020.To compensate increasing demands, oil production is also further increasing and aiding the demands for power slip lifters. Total oil production on a global level in the year 2020, was recorded to be 4165.1 million tonnes.

Power slip lifter are a part of oil drill pipe handling systems that ensures that maximum excavation of oil and petroleum products can be done thus increasing the efficiency of the rigs at minimum required cost of excavation.


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Market Segmentation

The global power slip lifter market segmentation is based on type, bushing, location, holding component, regional distribution, and competitive landscape. Based on type, the market is divided between hydraulic and pneumatic. Segmentation on the basis of bushing, is differentiated between casing bushing and master bushing. Location segment is bifurcated between offshore and onshore. Based on holding component, the market is bifurcated into drill pipe slips, drill collar slips, casing slips, and others. The market analysis also studies the regional segmentation, divided among Asia-Pacific region, North American region, European region, South American region, and Middle East & African region.

Company Profile

Imenco Smart Solutions, Weatherford International, Forum Energy Technologies Inc., Janki Oil Tools, Keystone Energy Tools, Den•Con Tool Co., are enlisted in a partial list of major market players of the global power slip lifter market.

Attribute

Details

Base Year

2021

Historical Data

2017 – 2020

Estimated Year

2022

Forecast Period

2023 – 2027

Quantitative Units

Revenue in USD Million, and CAGR for 2017-2021 and 2022-2027

Report coverage

Revenue forecast, company share, competitive landscape, growth factors, and trends

Segments covered

·         Type

·         Bushing

·         Location

·         Holding Component

Regional scope

North America; Europe; Asia Pacific; South America; Middle East & Africa

Country scope

United States, Mexico, Canada, China, India, Japan, South Korea, Australia, Singapore, Malaysia, Germany, France, United Kingdom, Spain, Italy, Poland, Denmark. South Africa, UAE, Saudi Arabia, Iraq, Turkey, Brazil, Argentina, Colombia, Peru, Chile

Key companies profiled

Imenco Smart Solutions, Weatherford International, Forum Energy Technologies Inc., Janki Oil Tools, Keystone Energy Tools, Den•Con Tool Co.

Customization scope

10% free report customization with purchase. Addition or alteration to country, regional & segment scope.

Pricing and purchase options

Avail customized purchase options to meet your exact research needs. Explore purchase options

Delivery Format

PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)

 

Report Scope:

In this report, global power slip lifter market has been segmented into following categories, in addition to the industry trends which have also been detailed below:

  • Power Slip Lifter Market, By Type:
    • Hydraulic
    • Pneumatic
  • Power Slip Lifter Market, By Bushing:
    • Casing Bushing
    • Master Bushing
  • Power Slip Lifter Market, By Location:
    • Offshore
    • Onshore
  • Power Slip Lifter Market, By Holding Component:
    • Drill Pipe Slips
    • Drill Collar Slips
    • Casing Slips
    • Others
  • Power Slip Lifter Market, By Region:
    • North America
      • United States
      • Mexico
      • Canada
    • Europe
      • France
      • Germany
      • United Kingdom
      • Italy
      • Spain
      • Poland
      • Denmark
    • Asia-Pacific
      • China
      • India
      • Japan
      • South Korea
      • Australia
      • Singapore
      • Malaysia
    • Middle East & Africa
      • South Africa
      • Saudi Arabia
      • UAE
      • Iraq
      • Turkey
    • South America
      • Brazil
      • Argentina
      • Colombia
      • Peru
      • Chile

Competitive Landscape

Company Profiles: Detailed analysis of the major companies present in global power slip lifter market.

Available Customizations:

With the given market data, TechSci Research offers customizations according to a company’s specific needs. The following customization options are available for the report:

Company Information

  • Detailed analysis and profiling of additional market players (up to five)

Global Power Slip Lifter Market is an upcoming report to be released soon. If you wish an early delivery of this report or want to confirm the date of release, please contact us at sales@techsciresearch.com  

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1.     Product Overview

2.    Research Methodology

3.    Impact of COVID-19 on Global Power Slip Lifter Market

4.    Executive Summary

5.    Voice of Customers

5.1.  Brand Awareness

5.2.  Factors Considered while Selecting a Supplier

5.3.  Customer Satisfaction Level

5.4.  Major Challenges Faced

6.    Global Power Slip Lifter Market Outlook

6.1.  Market Size & Forecast

6.1.1.     By Value & Volume

6.2.  Market Share & Forecast

6.2.1.     By Type (Hydraulic, Pneumatic)

6.2.2.     By Bushing (Casing Bushing, Master Bushing)

6.2.3.     By Location (Offshore, Onshore)

6.2.4.     By Holding Component (Drill Pipe Slips, Drill Collar Slips, Casing Slips, Others)

6.2.5.     By Region

6.2.6.     By Company

6.3.  Product Market Map

7.    North America Power Slip Lifter Market Outlook

7.1.  Market Size & Forecast

7.1.1.     By Value & Volume

7.2.  Market Share & Forecast

7.2.1.     By Type

7.2.2.     By Bushing

7.2.3.     By Location

7.2.4.     By Holding Component

7.2.5.     By Country

7.3.  North America: Country Analysis

7.3.1.     United States Power Slip Lifter Market Outlook

7.3.1.1.         Market Size & Forecast

7.3.1.1.1.             By Value 

7.3.1.2.         Market Share & Forecast

7.3.1.2.1.             By Type

7.3.1.2.2.             By Bushing

7.3.1.2.3.             By Location

7.3.1.2.4.             By Holding Component

7.3.2.     Canada Power Slip Lifter Market Outlook

7.3.2.1.         Market Size & Forecast

7.3.2.1.1.             By Value 

7.3.2.2.         Market Share & Forecast

7.3.2.2.1.             By Type

7.3.2.2.2.             By Bushing

7.3.2.2.3.             By Location

7.3.2.2.4.             By Holding Component

7.3.3.     Mexico Power Slip Lifter Market Outlook

7.3.3.1.         Market Size & Forecast

7.3.3.1.1.             By Value 

7.3.3.2.         Market Share & Forecast

7.3.3.2.1.             By Type

7.3.3.2.2.             By Bushing

7.3.3.2.3.             By Location

7.3.3.2.4.             By Holding Component

8.    Asia-Pacific Power Slip Lifter Market Outlook

8.1.  Market Size & Forecast

8.1.1.     By Value & Volume

8.2.  Market Share & Forecast

8.2.1.     By Type

8.2.2.     By Bushing

8.2.3.     By Location

8.2.4.     By Holding Component

8.2.5.     By Country

8.3.  Asia-Pacific: Country Analysis

8.3.1.     China Power Slip Lifter Market Outlook

8.3.1.1.         Market Size & Forecast

8.3.1.1.1.             By Value 

8.3.1.2.         Market Share & Forecast

8.3.1.2.1.             By Type

8.3.1.2.2.             By Bushing

8.3.1.2.3.             By Location

8.3.1.2.4.             By Holding Component

8.3.2.     India Power Slip Lifter Market Outlook

8.3.2.1.         Market Size & Forecast

8.3.2.1.1.             By Value 

8.3.2.2.         Market Share & Forecast

8.3.2.2.1.             By Type

8.3.2.2.2.             By Bushing

8.3.2.2.3.             By Location

8.3.2.2.4.             By Holding Component

8.3.3.     Japan Power Slip Lifter Market Outlook

8.3.3.1.         Market Size & Forecast

8.3.3.1.1.             By Value 

8.3.3.2.         Market Share & Forecast

8.3.3.2.1.             By Type

8.3.3.2.2.             By Bushing

8.3.3.2.3.             By Location

8.3.3.2.4.             By Holding Component

8.3.4.     South Korea Power Slip Lifter Market Outlook

8.3.4.1.         Market Size & Forecast

8.3.4.1.1.             By Value 

8.3.4.2.         Market Share & Forecast

8.3.4.2.1.             By Type

8.3.4.2.2.             By Bushing

8.3.4.2.3.             By Location

8.3.4.2.4.             By Holding Component

8.3.5.     Australia Power Slip Lifter Market Outlook

8.3.5.1.         Market Size & Forecast

8.3.5.1.1.             By Value 

8.3.5.2.         Market Share & Forecast

8.3.5.2.1.             By Type

8.3.5.2.2.             By Bushing

8.3.5.2.3.             By Location

8.3.5.2.4.             By Holding Component

8.3.6.     Singapore Power Slip Lifter Market Outlook

8.3.6.1.         Market Size & Forecast

8.3.6.1.1.             By Value 

8.3.6.2.         Market Share & Forecast

8.3.6.2.1.             By Type

8.3.6.2.2.             By Bushing

8.3.6.2.3.             By Location

8.3.6.2.4.             By Holding Component

8.3.7.     Malaysia Power Slip Lifter Market Outlook

8.3.7.1.         Market Size & Forecast

8.3.7.1.1.             By Value 

8.3.7.2.         Market Share & Forecast

8.3.7.2.1.             By Type

8.3.7.2.2.             By Bushing

8.3.7.2.3.             By Location

8.3.7.2.4.             By Holding Component

9.    Europe Power Slip Lifter Market Outlook

9.1.  Market Size & Forecast

9.1.1.     By Value & Volume

9.2.  Market Share & Forecast

9.2.1.     By Type

9.2.2.     By Bushing

9.2.3.     By Location

9.2.4.     By Holding Component

9.2.5.     By Country

9.3.  Europe: Country Analysis

9.3.1.     Germany Power Slip Lifter Market Outlook

9.3.1.1.         Market Size & Forecast

9.3.1.1.1.             By Value 

9.3.1.2.         Market Share & Forecast

9.3.1.2.1.             By Type

9.3.1.2.2.             By Bushing

9.3.1.2.3.             By Location

9.3.1.2.4.             By Holding Component

9.3.2.     United Kingdom Power Slip Lifter Market Outlook

9.3.2.1.         Market Size & Forecast

9.3.2.1.1.             By Value 

9.3.2.2.         Market Share & Forecast

9.3.2.2.1.             By Type

9.3.2.2.2.             By Bushing

9.3.2.2.3.             By Location

9.3.2.2.4.             By Holding Component

9.3.3.     France Power Slip Lifter Market Outlook

9.3.3.1.         Market Size & Forecast

9.3.3.1.1.             By Value 

9.3.3.2.         Market Share & Forecast

9.3.3.2.1.             By Type

9.3.3.2.2.             By Bushing

9.3.3.2.3.             By Location

9.3.3.2.4.             By Holding Component

9.3.4.     Italy Power Slip Lifter Market Outlook

9.3.4.1.         Market Size & Forecast

9.3.4.1.1.             By Value 

9.3.4.2.         Market Share & Forecast

9.3.4.2.1.             By Type

9.3.4.2.2.             By Bushing

9.3.4.2.3.             By Location

9.3.4.2.4.             By Holding Component

9.3.5.     Spain Power Slip Lifter Market Outlook

9.3.5.1.         Market Size & Forecast

9.3.5.1.1.             By Value 

9.3.5.2.         Market Share & Forecast

9.3.5.2.1.             By Type

9.3.5.2.2.             By Bushing

9.3.5.2.3.             By Location

9.3.5.2.4.             By Holding Component

9.3.6.     Poland Power Slip Lifter Market Outlook

9.3.6.1.         Market Size & Forecast

9.3.6.1.1.             By Value 

9.3.6.2.         Market Share & Forecast

9.3.6.2.1.             By Type

9.3.6.2.2.             By Bushing

9.3.6.2.3.             By Location

9.3.6.2.4.             By Holding Component

9.3.7.     Denmark Power Slip Lifter Market Outlook

9.3.7.1.         Market Size & Forecast

9.3.7.1.1.             By Value 

9.3.7.2.         Market Share & Forecast

9.3.7.2.1.             By Type

9.3.7.2.2.             By Bushing

9.3.7.2.3.             By Location

9.3.7.2.4.             By Holding Component

10.  South America Power Slip Lifter Market Outlook

10.1.              Market Size & Forecast

10.1.1.  By Value & Volume

10.2.              Market Share & Forecast

10.2.1.  By Type

10.2.2.  By Bushing

10.2.3.  By Location

10.2.4.  By Holding Component

10.2.5.  By Country

10.3.              South America: Country Analysis

10.3.1.  Brazil Power Slip Lifter Market Outlook

10.3.1.1.      Market Size & Forecast

10.3.1.1.1.           By Value 

10.3.1.2.      Market Share & Forecast

10.3.1.2.1.           By Type

10.3.1.2.2.           By Bushing

10.3.1.2.3.           By Location

10.3.1.2.4.           By Holding Component

10.3.2.  Argentina Power Slip Lifter Market Outlook

10.3.2.1.      Market Size & Forecast

10.3.2.1.1.           By Value 

10.3.2.2.      Market Share & Forecast

10.3.2.2.1.           By Type

10.3.2.2.2.           By Bushing

10.3.2.2.3.           By Location

10.3.2.2.4.           By Holding Component

10.3.3.  Colombia Power Slip Lifter Market Outlook

10.3.3.1.      Market Size & Forecast

10.3.3.1.1.           By Value 

10.3.3.2.      Market Share & Forecast

10.3.3.2.1.           By Type

10.3.3.2.2.           By Bushing

10.3.3.2.3.           By Location

10.3.3.2.4.           By Holding Component

10.3.4.  Peru Power Slip Lifter Market Outlook

10.3.4.1.      Market Size & Forecast

10.3.4.1.1.           By Value 

10.3.4.2.      Market Share & Forecast

10.3.4.2.1.           By Type

10.3.4.2.2.           By Bushing

10.3.4.2.3.           By Location

10.3.4.2.4.           By Holding Component

10.3.5.  Chile Power Slip Lifter Market Outlook

10.3.5.1.      Market Size & Forecast

10.3.5.1.1.           By Value 

10.3.5.2.      Market Share & Forecast

10.3.5.2.1.           By Type

10.3.5.2.2.           By Bushing

10.3.5.2.3.           By Location

10.3.5.2.4.           By Holding Component

11.  Middle East & Africa Power Slip Lifter Market Outlook

11.1.              Market Size & Forecast

11.1.1.  By Value & Volume

11.2.              Market Share & Forecast

11.2.1.  By Type

11.2.2.  By Bushing

11.2.3.  By Location

11.2.4.  By Holding Component

11.2.5.  By Country

11.3.              Middle East & Africa: Country Analysis

11.3.1.  Saudi Arabia Power Slip Lifter Market Outlook

11.3.1.1.      Market Size & Forecast

11.3.1.1.1.           By Value 

11.3.1.2.      Market Share & Forecast

11.3.1.2.1.           By Type

11.3.1.2.2.           By Bushing

11.3.1.2.3.           By Location

11.3.1.2.4.           By Holding Component

11.3.2.  South Africa Power Slip Lifter Market Outlook

11.3.2.1.      Market Size & Forecast

11.3.2.1.1.           By Value 

11.3.2.2.      Market Share & Forecast

11.3.2.2.1.           By Type

11.3.2.2.2.           By Bushing

11.3.2.2.3.           By Location

11.3.2.2.4.           By Holding Component

11.3.3.  UAE Power Slip Lifter Market Outlook

11.3.3.1.      Market Size & Forecast

11.3.3.1.1.           By Value 

11.3.3.2.      Market Share & Forecast

11.3.3.2.1.           By Type

11.3.3.2.2.           By Bushing

11.3.3.2.3.           By Location

11.3.3.2.4.           By Holding Component

11.3.4.  Iraq Power Slip Lifter Market Outlook

11.3.4.1.      Market Size & Forecast

11.3.4.1.1.           By Value 

11.3.4.2.      Market Share & Forecast

11.3.4.2.1.           By Type

11.3.4.2.2.           By Bushing

11.3.4.2.3.           By Location

11.3.4.2.4.           By Holding Component

11.3.5.  Turkey Power Slip Lifter Market Outlook