The South America Oilfield Roller Chain Market is set to grow due to rising energy demand, a stable regulatory environment, safety requirements, and maintenance needs across the region.
According to TechSci Research report, “South America Oilfield Roller Chain Market – By Country, Competition, Forecast and Opportunities, 2018-2028”, robust growth is anticipated during the forecast period.
South America boasts significant oil and gas reserves, vital for meeting global demand. Consequently, oil and gas companies are investing heavily in exploration and production activities in the region, driving the demand for essential equipment like oilfield roller chains.
With abundant reserves of both conventional and unconventional oil and gas, South America presents a substantial opportunity for expansion in exploration and production. This growth will fuel the demand for oilfield roller chains used in drilling, pumping, and material handling equipment.
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In the South America Oilfield Roller Chain Market, the Hoisting Operations segment is poised to dominate during the forecast period. It involves using roller chains in critical equipment like hoisting winches, drilling rigs, elevators, and draw works for the efficient lifting and lowering of heavy loads, drilling tools, and well casings. Key activities include drilling, well completion, and material handling. The level of exploration and production activities directly impacts the demand for roller chains. South America’s extensive offshore oil reserves, especially in Brazil’s pre-salt formations, require specialized roller chains for deepwater and ultra-deepwater drilling operations. Ongoing technological advancements in drilling call for roller chains with superior performance. Suppliers can offer maintenance contracts and services for roller chains to ensure their continued performance.
In the same market, the Conveyor Chain segment is expected to dominate throughout the forecast period. It involves using roller chains in various conveyor systems for efficient material transportation within oilfield operations, including drilling and production processes. Key applications include transporting drill cuttings, mud, and equipment. Roller chains in conveyor systems must be highly reliable and durable, capable of withstanding harsh conditions. As environmental regulations tighten, there is a growing demand for eco-friendly solutions. Additionally, conveyor systems often operate in abrasive conditions, requiring roller chains with high resilience to extreme temperatures and exposure to chemicals.
Key market players in the South America Oilfield Roller Chain Market are:-
- FB Ketju Oy
- Renold plc
- Diamond Chain Company
- Rexnord Corporation:
- Wippermann jr GmbH
- Timken Company
- John King Chains
- Ramsey Products Corporation
- Tsubaki
- Regina Catene Calibrate Spa
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“The South America Oilfield Roller Chain Market, particularly in Brazil, is positioned to lead the industry. Brazil has been actively exploring renewable energy sources like wind and solar power. Roller chain manufacturers have an opportunity to expand their product range and serve these emerging markets by offering chains specifically tailored for renewable energy applications,” stated Mr. Karan Chechi, Research Director at TechSci Research, a research-based global management consulting firm.
The report, “South America Oilfield Roller Chain Market By Application (Hoisting Operations, Sucker Rod Pump, Mud Pump and Others), By Type (Drive Chain, Conveyor Chain, Multi Strand Chain and Others), By Country, By Competition Forecast & Opportunities, 2018-2028,” assesses the future growth prospects of the South America Oilfield Roller Chain Market. It furnishes statistics & information on market size, structure, and future growth trajectory. Additionally, the report identifies and analyzes emerging trends, along with the key drivers, challenges, and opportunities in the South America Oilfield Roller Chain Market.
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