One of the technical consultants in the Middle East was interested in gaining market data on mud motors. The client specifically required country-level market data, competitive analysis, forecast, and a competitive landscape. The study was limited to North America, Latin America, and the Middle East.
The report on the mud motors market was initiated after reconfirming the scope with the client. The study was conducted in several phases, which are briefly discussed below.
The report was commenced with a thorough understanding of exact client requirements and market dynamics. Extensive secondary research was conducted to gain data and information regarding market trends, drivers, restraints, opportunities, regional trends, and competitive trends.
Primary research for oilfield services is challenging; however, Straits is backed by its robust connection with industry experts and knowledge brokers worldwide. We were able to derive and validate market estimations and CAGRs for each country through extensive primary research. The growth of the oil and gas industry in each country was analyzed, along with detailed future growth prospects.
Market estimates and forecasts for each segment at a country level were provided from 2016 through 2029, which were derived using market engineering approaches such as top-down, bottom-up, and company market shares.
The oil and gas industry overview, combined with insights on alternative fuels, helped the client in designing plans in terms of capital allocation on research for alternative fuels. The report also helped the client understand the market trends, regional growth factors, restraints, import-export overview, regulatory framework, country-level market estimates for each segment, and competitive landscape.