Jackup Rigs Market Product, Application Segment Analysis and Competitive Insights | Global Industry Challenges, Scope, Application and Forecast to 2022

Jackup Rigs Global Market Top Key Players:-

The Global Jackup Rigs Market is driven by some of the leading players operating in the market including Rowan Companies Inc. (U.K.), Noble Corporation plc. (UK), KCA DEUTAG Ltd. (Scotland), Maersk Drilling (Denmark), and Diamond Jackup Inc. (U.S)

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Market Highlights:-

Jackup Rigs are the most widely used drilling platforms for primarily carrying out drilling activities in the offshore and wind farm service platforms by the upstream Oil & Gas companies. The Jackup Rigs are perceiving augmented demand worldwide attributing to the rising oil & gas exploration activities around the globe. Simultaneously, ever rising high demand for crude oil, depleting reservoirs coupled with the maturing O&G onshore wells are presaging the demand for the Jackup Rigs market globally. Moreover, constant development of offshore reserves and rising deep water production influence the demand for Jack up rigs positively. Owing to all these factors; the market for Jackup Rigs is garnering a fabulous demand on the global platform.

The growth of the jackup rigs market is majorly driven by increased oil & gas exploration activities around the world. The continuous growth of world population has resulted in increasing demands for energy. Significant investment has been made in recent times, in the oil and gas engineering and procurement activities, especially in the Asia-Pacific and Middle East regions, where there is a huge demand for offshore drilling activities. However, the growth of this market can be restrained by the oil price volatility and depletion of oil reserves.

Worldwide Jackup Rigs Market – Segmentation

For the convenience of the report and enhanced understanding; the Jackup rigs Market is segmented in to 4 key dynamics

By Type : Comprises Independent leg type, Mat-type jackups.
By Operating Depth : Shallow water, Deep water, and Ultra deep water.
By Application : Oil & Gas and Offshore wind turbine installations.
By Regions : North America, Europe, APAC and Rest of the World.

Market Research Analysis:-

Recent technological advancements in offshore drilling activities have made jackup rig operations, feasible and considerably cost effective than other methods. This has also resulted in increased operation depths of these rigs. Additionally, the technology is also now used in offshore wind turbine installations because of it’s the operational feasibility. There has also been continuous investment in the oil & gas exploration activities in Asia Pacific and Middle East regions. Recent discoveries of offshore energy reserves in these regions have triggered the need for jackup rigs.

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North America is expected to be the largest market for jackup rigs market, especially in the Gulf of Mexico region. Europe is also expected to contribute to the further growth with exploration activities in the North Sea region. The Asia-Pacific and the Middle East regions are also expected to drive the market as there is an increasing requirement for offshore drilling undertakings here. All these factors increase the demand of jackup rigs, thereby leading to the growth of the market.

Intended Audience:-

• Distributer & Supplier companies
• End Users
• Consultants and Investment bankers
• Government as well as Independent Regulatory Authorities

Major Points of Table Of Contents:-

1 Executive Summary
2 Research Methodology
2.1 Scope Of The Study
2.1.1 Definition
2.1.2 Research Objective
2.1.3 Assumptions
2.1.4 Limitations
2.2 Research Process
2.2.1 Primary Research
2.2.2 Secondary Research
2.3 Market Size Estimation
2.4 Forecast Model

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3 Market Dynamics
3.1 Market Drivers
3.2 Market Inhibitors
3.3 Supply/Value Chain Analysis
3.4 Porter’s Five Forces Analysis
4 Global Jackup Rigs Market, By Type
4.1 Introduction
4.2 Independent Leg Type
4.3. Mat Type

5 Global Jackup Rigs Market, By Application
5.1 Introduction
5.2. Mobile Offshore Drilling Units
5.3. Offshore Wind Turbine Installations
Continued.........

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