Hydraulic Tubing Anchor Market

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HYDRAULIC TUBING ANCHOR MARKET ANALYSIS

• Hydraulic Tubing Anchor Market, by Type
  (Differential Pressure Tubing Anchor and Pressure
  Tubing Anchor), by Application (Drilling for Oil,
  Mining, and Others), by Region (North America,
  Europe, Asia Pacific, Latin America, and Middle
  East and Africa) - Size, Share, Outlook, and
  Opportunity Analysis, 2019 - 2027

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• Market Overview
• A hydraulically activated anchor is designed to
  hold the compression and tension by moving the
  tubing string in the well. The tubing anchor is
  designed with a heated steel alloy to hold
  maximum power in tension and compression. The
  holding capacity of the anchor is examined by a
  hydraulic the jack which is placed below the
  tubing anchor. The catcher in the tubing anchor
  avoids action of the tubing anchor during pumping
  strokes and holds it stationary from the moving
  apart. The tubing anchor is operated by applying
  pressure to the tubing. Additionally, the
  hydraulic tubing anchor is used to increase
  efficiency of the pump, reduces the size of rod
  and hold tubing rods from falling into the well

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Factors driving growth of the hydraulic tubing
anchor market
For instance, DL Oil Tool, a U.S based company,
provides the ASI-X ANCHOR for treating, drilling,
infecting, and pumping and also in flowing wells.
The double slip design of the ASIX-ANCHOR allows
the tubing anchor to be left in compression or
tension based on the application. In November
2017, DL Oil Tools Company launched Trilobite
Anchors with three heat-treated steel alloy slips
which provide strong holding in tension and
compression.
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• Regional analysis of hydraulic tubing anchor
  market
• Various companies are using these tubing anchors
  for drilling oil which is driving the growth of
  this market. According to a report published by
  the Energy Information Administration (EIA) in
  December 2019, the U.S. oil production reached
  9.97 million barrels per day in December 2017 and
  12.04 million barrels per day in December 2018.
• Additionally, the production of natural gas in
  U.S  reached 97.59 billion cubic feet per day in
  December 2017 and 108.56 billion cubic feet per
  day in December 2018.

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Key players in the hydraulic tubing anchor market

• Key players operating in the hydraulic tubing
  anchor market include DL Oil Tools, Peak
  Completion Technologies, Inc., Don-Nan, Rubicon,
  Black Dog, Dongying Kangya Petroleum Equipment
  Co., Ltd., Wise Channel Industries Limited, and
  Tianjin Soright Technology Development Co., Ltd.

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• Segmentation of the hydraulic tubing anchor
  market
• On the basis of type, the market is segmented
  into
• Differential Pressure Tubing Anchor
• Pressure Tubing Anchor
• On the basis of application, the market is
  segmented into
• Drilling for Oil
• Mining
• Others
• On the basis of region, the market is segmented
  into
• North America
• Europe
• Asia Pacific
• Latin America
• Middle East and Africa

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