Offshore Drilling Rigs Market 2019 Report is latest depth analysis study on Global Offshore Drilling Rigs Market Size, Share, Growth, Trends, And Regional Analysis with Global Forecast To 2023. Report segments market for Offshore Drilling Rigs by type and operating depth and region. According to report Global Offshore Drilling Rigs Market is anticipated to grow at CAGR of 11.25% by 2023.
Major Offshore Drilling Rigs Key players Analysed in report are Halliburton (U.S.), Schlumberger (U.S.), Weatherford International Inc (U.S.), Seadrill (Bermuda), and Aban Offshore Limited (India). China Oilfield Services Ltd. (China), Ensco plc (UK), Diamond Offshore Drilling Inc. (U.S.), Vantage Drilling Co. (U.S.), Pacific Drilling (U.S.), KCA Deutag (UK), Maersk Drilling (Denmark), and Nabors Industries Ltd (Bermuda), Nobel Corporation (U.K.) are among others.
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Global Market Highlights:
Development of offshore drilling rigs has paved the way for the development of the energy and power industry. Market focused reports connected to the energy and power sector, which is accessible by Market Research Future which published reports the market of offshore drilling rigs is expected to develop with significant CAGR while achieving high revenues during the forecast period.
The yearly growth in the demand for energy fuels is creating concerns related to energy security, the growing economic wealth of developing countries, the growing purchasing power of people, rapid globalization and increasing industrialization. Market Research Future (MRFR) has published a research report on the global drilling rigs market that reckons a massive raise for this market at 11.25% CAGR (Compound Annual Growth Rate) between 2018 and 2023.
The demand for energy fuels is intensifying yearly due to the mounting industrialization, concerns related to energy security, globalization, and escalating economic wealth of developing countries. Offshore drilling rigs are seeking tremendous gain from alarming oil and gas reservoir depletion, new offshore discoveries, and stringent regulations to drill in the populated areas.
The extensive factors spelling growth for the global drilling rigs market include offshore discoveries, and strict regulations against onshore drilling projects, and increasing demand for oil & gas. Other factors that are instrumental in the market growth are rapid maturation of onshore oil fields, increasing investments, declining production of fossil fuels, rapid urbanization, rising population, and growing industrial development.
Market Segment Analysis:
The global drilling rigs market has been segmented based on type, operating depth, and lastly region. By type, this market has been segmented into jack-up rig, drillship, semi-submersible. In the context of operating depth, the market has been segmented into shallow water, deep water, ultra-water.
Regional Analysis:
Latin American is the foremost region to gain wise market share owing to high offshore potential reserves of oil and gas. Also, factors such as high investments in exploration & production (E&P) lead to an increase in demand for drilling equipment and offshore rigs. The increase in production of oil & gas in North America and the Middle East has driven operators to focus on offshore markets. Secondly, liberalization of the Mexican oil & gas sector drives the demand for offshore drilling.
The Asia Pacific is one of the leading regions for growth in offshore drilling rigs market. The upward demand for energy coupled with the increasing investment in offshore exploration activities will drive the market in the forecast period. The Asia Pacific is the chief consumers of oil & gas in the world ranking, which will undoubtedly lead to more exploration and production in the coming years.
Key Table of Content:
1 Executive Summary
2 Scope Of The Report
2.1 Market Definition
2.2 Scope Of The Study
2.2.1 Definition
2.2.2 Research Objective
2.2.3 Assumptions
2.2.4 Limitations
2.3 Research Process
2.3.1 Primary Research
2.3.2 Secondary Research
2.4 Market Size Estimation
2.5 Forecast Model
3 Market Landscape
3.1 Porter’s Five Forces Analysis
3.1.1 Threat Of New Entrants
3.1.2 Bargaining Power Of Buyers
3.1.3 Bargaining Power Of Suppliers
3.1.4 Threat Of Substitutes
3.1.5 Segment Rivalry
3.2 Value Chain/Supply Chain Analysis
4 Market Dynamics
4.1 Introduction
4.2 Market Drivers
4.3 Market Restraints
4.4 Market Opportunities
4.5 Market Trends
Continued…
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List of Tables:
Table 1 Global Offshore Drilling Rigs Market: By Region, 2018-2023
Table 2 North America Offshore Drilling Rigs Market: By Country, 2018-2023
Table 3 Europe Offshore Drilling Rigs Market: By Country, 2018-2023
Table 4 Asia-Pacific Offshore Drilling Rigs Market: By Country, 2018-2023
Table 5 Middle East & Africa Offshore Drilling Rigs Market: By Country, 2018-2023
Table 6 Middle East & Africa Offshore Drilling Rigs Market: By Country, 2018-2023
Table 7 South America Offshore Drilling Rigs Market: By Country, 2018-2023
Continued…
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