Oil Field Roller Chain Market to Observe Strong Development by 2025
Oil
field operations are subjected to high shock load and high cyclic
load. Roller chains used in the oil & gas industry need to be
capable of handling shock loads, fatigue, and cyclic loads. They
should have maximum tensile strength and corrosion resistance. Roller
chains are primarily used for lifting heavy loads and power
transmission. The American Petroleum Society (API) specification 7F
covers the design aspects of roller chains used in the oil & gas
industry.
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Report Overview @
The
oil field roller chain market can be segmented based on product type,
chain joint type, application, and region. In terms of product type,
the oil field roller chain market can be classified into heavy series
chain, single strand chain, multiple strand chain, and single &
multiple strand chain assemblies. The heavy series chain consists of
larger pitches. They are mainly used to carry higher loads during low
speed operation. Single strand chains are used for lifting lower
loads. They are primarily employed in sucker rod pump application.
Single and multiple strand chain assemblies are employed in hoisting
and mud pump drive operations. They are designed to lift heavy loads
at high speeds. The single & multiple strand chain assemblies
segment holds the major share of the oil field roller chain market in
terms of volume and value.
Based
on chain joint type, the oil field roller chain market can be divided
into riveted chain and cottered chain. Riveted chain is made using
pins that spread through the plate on each side and are then side
mashed on their ends to hold between the plate and pin. Riveted
chains have permanent joints; the links can only break when the rivet
fails. Cottered chain is made with pins spreading through the plate
on one side and on the other side a cross- drilled hole is made for
inserting cotter pin. Cottered joined plates are easy to remove. The
riveted chain segment accounts for the key share of the oil field
roller chain market due to its capability of holding high loads
without fail.
In
terms of application, the oil field roller chain market can be
segregated into hoisting, rotary table, mud pump drive, sucker rod
pump, transmission, and others. Hoisting can be sub-segmented into
draw-works, high drum, and low drum. Roller chains used in hoisting
system is subject to heavy loads during lifting and lowering of drill
pipes and casings. The hoisting segment constituted key share of the
oil field roller chain market. It is followed by the mud pump drive
segment.
Based
on region, the oil field roller chain market can be divided into
North America, Europe, Latin America, Asia Pacific, and Middle East &
Africa. North America accounts for significant share of the oil field
roller chain market. This is due to the increase in exploration
activities of unconventional reserves such as coal bed methane and
shale oil & gas in the region. However, the oil field roller
chain market in Asia Pacific is anticipated to expand at a fast-paced
during the forecast due to the increase in usage of enhanced oil
recovery techniques.
Recover
in crude oil prices has resulted in an increase in oil & gas
drilling activities. This is estimated to augment the demand for oil
field roller chains.
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Key
players operating in the oil field roller chain market are Diamond
Chain Company (the U.S.), Tsubakimoto Chain Co. (Japan), Rexnord
Corporation (Germany), Emerson Bearing Company (the U.S.), Rombo
(India), Zhejiang Gidi industrial Chain Co., Ltd. (China), Flowtools
Middle East LLC ( Dubai), Renold plc (UK), Wippermann jr. GmbH
(Germany), Daido Kogyo Co., Ltd. (Japan), Hale Brothers, Inc (the
U.S.), Hengjiu Group (China), and Sugiyama Chain Co., Ltd. (Japan).
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