Offshore Drilling Market To Rear Excessive Growth During 2022 by Top Manufactures - Atwoods Oceanics, Baker Hughes Incorporated, China Oilfield Services, Diamond Offshore Drilling, Dolphin Drilling, Ensco

Increasing demand for crude oil derived products such as gasoline, diesel, kerosene etc. Rising numbers of vehicles plying on road has increased the daily energy demand all over the world. Growing goods and passenger transportation industry on account of globalization and rising trade practices has augmented the fuel demand over the past and is expected to positively affect the market growth over the forecast period.

Increasing crude oil and petrochemical consumption across various industries such as transportation, plastics, energy, textiles and paints & coatings is expected to drive exploration activities in offshore sites. Increasing investment in deep and ultra-deep offshore exploration activities is expected to further augment the market growth over next seven years.

Top Key Companies Covered in this Report:
Atwoods Oceanics, Baker Hughes Incorporated, China Oilfield Services Limited, Diamond Offshore Drilling Inc., Dolphin Drilling, Ensco PLC., Halliburton Company, KCA Deutag, Maersk Drilling, Nabors Industries Ltd, Noble Corporation, Paragon Offshore PLC., Schlumberger Limited, Scientific Drilling International, Seadrill Limited, Superior Energy Services, Transocean Ltd. and Weatherford International Ltd.

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Global Offshore Drilling market is accounted for $83.95 billion in 2015 and is expected to reach $124.56 billion by 2022 growing at a CAGR of 5.8%. The offshore drilling market is expected to show moderate growth over the forecast period. Some of the primary factors driving the offshore drilling market are increasing demand for oil & gas and huge investments on new offshore reserves. However, offshore drilling market is inhibited by the regulations regarding environment & low oil prices which favors environment and affect the market.

Offshore contract drilling segment among services, is expected to dominate the market followed by offshore directional drilling. This proliferating market is set by the less oil prices since mid-2014, either postponement or cancellations of contract lead by lower day rates are further boasting the market demand. The present ongoing activities around South China Sea is the one of the main factors favoring the Asia Pacific market, due to which the market is expected to grow with highest rate.

Applications Covered:
- Deepwater Drilling
- Shallow Water Drilling
- Ultra-Deepwater Drilling

Services Covered:
- Offshore Contract Drilling
- Offshore Directional Drilling
- Offshore Logging While Drilling (LWD)
- Offshore Measurement While Drilling (MWD)
- Subsea Production & Processing

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Fundamentals of Table of Content:

1 Report Overview
1.1 Study Scope
1.2 Key Market Segments
1.3 Players Covered
1.4 Market Analysis by Type
1.5 Market by Application
1.6 Study Objectives
1.7 Years Considered

2 Global Growth Trends
2.1 Offshore Drilling Market Size
2.2 Offshore Drilling Growth Trends by Regions
2.3 Industry Trends

3 Market Share by Key Players
3.1 Offshore Drilling Market Size by Manufacturers
3.2 Offshore Drilling Key Players Head office and Area Served
3.3 Key Players Offshore Drilling Product/Solution/Service
3.4 Date of Enter into Offshore Drilling Market
3.5 Mergers & Acquisitions, Expansion Plans

4 Breakdown Data by Product
4.1 Global Offshore Drilling Sales by Product
4.2 Global Offshore Drilling Revenue by Product
4.3 Offshore Drilling Price by Product

5 Breakdown Data by End User
5.1 Overview
5.2 Global Offshore Drilling Breakdown Data by End User

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This release was published on openPR.