Global Robotic Drilling Market to 2025 - Analysis and Forecasts by Leading Players Nabors Industries, Rigarm, National Oilwell Varco, Sekal, Huisman Equipment, Drillmec, Abraj Energy Services, Ensign Energy Services
The major players operating in the robotic drilling market are Nabors Industries Ltd., Rigarm, National Oilwell Varco, Inc., Sekal AS, Huisman Equipment B.V., Automated Rig Technologies Ltd., Drillmec Inc., Ensign Energy Services Inc., Abraj Energy Services, and Drillform Technical Services Ltd.
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Global robotic drilling market is expected to grow from US$ 619.4 million in 2017 to US$ 946.6 million by 2025 growing at a CAGR of 5.6% from 2018 to 2025.
The global robotic drilling market is experiencing an exponential growth with regards to the innovations, strategic partnerships, investments, and deployment in the current scenario and is anticipated to rise in the coming years. The market for robotic drilling consists of some well-established players across the globe, which invest huge amounts in order to deliver the most advanced product. Companies are also inclined towards technological developments for robotic drilling in order to deliver different solutions for the customers to solve the complex situations and put in-line the driller operations strategies with different hardware and software combination solutions. The major factors boosting the growth of robotic drilling market are the increase in global oil demands and surge in need for safer and high-quality drilling system.
The report focuses on in-depth segmentation of the robotic drilling market by component, installation type, application, and regions. The geographic segmentation of this report covers five major regions including; North Americas, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America (SA). The regional market has been further bifurcated by respective countries. By component, hardware segment accounted for the largest share of the robotic drilling market in 2017, whereas software segment is expected to grow at the highest CAGR during the forecast period.
The report aims to provide an overview of global robotic drilling market with detailed market segmentation. Also, it analyzes the current robotic drilling market scenario and forecasts the market till 2025. The report further covers market dynamics affecting the market during the forecast period. Furthermore, the report analyzes the competitive scenario, geographic trends, and opportunities in the markets with respect to all geographic regions. The report also includes the detailed company profiles of the key players in the robotic drilling market along with their market strategies. The report also provides PEST analysis for all the regions along with the SWOT analysis for all company profiled in the report.
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