The global kelly drive market was valued at $1.6 billion in 2021, and is projected to reach $2.3 billion by 2031, growing at a CAGR of 3.7% from 2022 to 2031.

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The global kelly drive market was valued at $1.6 billion in 2021, and is projected to reach $2.3 billion by 2031, growing at a CAGR of 3.7% from 2022 to 2031.

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A kelly drive is a particular kind of well drilling tool which uses a section of pipe with a polygonal or splined outer surface and feeds it through a rotary table and matching kelly (mating) bushing which have the same shape or splines. The Kelly is a long, four- or six-sided steel bar having a hole bored through the center to allow drilling fluid to pass through. – PowerPoint PPT presentation

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Date added: 23 January 2024

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Title: The global kelly drive market was valued at $1.6 billion in 2021, and is projected to reach $2.3 billion by 2031, growing at a CAGR of 3.7% from 2022 to 2031.

1
Kelly Drive Market
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2
The global kelly drive market was valued at 1.6
billion in 2021, and is projected to reach 2.3
billion by 2031, growing at a CAGR of 3.7 from
2022 to 2031. A kelly drive is a particular kind
of well drilling tool which uses a section of
pipe with a polygonal or splined outer surface
and feeds it through a rotary table and matching
kelly (mating) bushing which have the same shape
or splines. The Kelly is a long, four- or
six-sided steel bar having a hole bored through
the center to allow drilling fluid to pass
through.
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3
Advances in technology and equipment have enabled
more oil and natural gas to be recovered from the
length of each well, improving production and
reducing the environmental footprint of energy
production. Kelly drive is cheaper however,
technology is slow, inefficient, and unsafe as
compared to the other technology which are
present or coming in the market. These factors
may restrain customers from using kelly drive
thus, hampering the market growth.
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4

Key benefits for stakeholders
Porters five forces analysis helps analyze the
potential of buyers suppliers and the
competitive scenario of the industry for strategy
building.
It outlines the current Kelly drive market trends
and future estimations from 2021 to 2031 to
understand the prevailing opportunities and
potential investment pockets.
The major countries in the region have been
mapped according to their individual revenue
contribution to the regional market.
The key drivers, restraints, and opportunities
and their detailed impact analysis are explained
in the study.