Market Survey: Global Robots Market in Oil and Gas Drilling Operations to grow at a CAGR of 4.68% during 2017-2021

The market deals with advanced automated machines and robotic units that carry out drilling of oil fields and connect drill pipes located under the surface, thereby assisting industrial workers in onshore and offshore operations. These advanced automated machines and robotic units are also called fully automated drilling rigs and robotic drilling systems. The global robots market in oil and gas drilling operations include offshore and onshore applications.

The global robots market in oil and gas drilling operations to grow at a CAGR of 4.68% during the period 2017-2021. The report covers the present scenario and the growth prospects of the global robots market in oil and gas drilling operations for 2017-2021. To calculate the market size, the report considers installations, retrofit, replacement, spares, aftermarket, and services market.

The market is divided into the following segments based on geography:
- Americas
- APAC
- EMEA

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Technavio's report, Global Robots Market in Oil and Gas Drilling Operations 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

Key vendors
- Drillmec
- Ensign
- Nabors
- Schramm

Other prominent vendors
- Baker Hughes
- Robotic Drilling Systems
- DMC
- Kuwait Drilling Company
- Rockwell Automation
- Voith (Part of Triton)

Market driver
- Lower operational cost
- For a full, detailed list, view our report

Market challenge
- High implementation cost
- For a full, detailed list, view our report

View Complete TOC with Tables and Figures at: https://www.researchmoz.us/global-robots-market-in-oil-and-gas-drilling-operations-2017-2021-report.html/toc

Key questions answered in this report
- What will the market size be in 2021 and what will the growth rate be?
- What are the key market trends?
- What is driving this market?
- What are the challenges to market growth?
- Who are the key vendors in this market space?

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