Press release
Robotic Drilling Market SWOT Analysis Lead By Abraj Energy Services, Drillmec, Automated Rig Technologies, National Oilwell Varco, Rigarm, Nabors Industries, Drillform Technical Services
Robotic Drilling Market
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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North America is the dominant region in the robotic drilling market and this region is expected to continue its lead during the forecast period. The rise in production of shale gas is significantly driving the market for robotic drilling in the region. Further, North America has over 14% of the crude oil and 6% of the natural gas reserves in the world. The advanced drilling technologies including horizontal direction drilling and hydraulic fracturing have aided North America for sustaining the downturn of oil prices. Furthermore, the enhancements in the drilling technologies including dynamic positioning equipment have driven growth in the offshore drilling. It is expected that the offshore drilling activities would further witness growth owing to the US government support for opening of over 90% of outer continental shelf (OCS).
Currently, retrofit is the leading installation type segment, which is also expected to grow at a higher rate during the forecast period. Retrofit drilling solution facilitate instant and customized automated as well as innovative rigs that helps to create unique experience for the user. Retrofit installation type is the supplementary features or modifications done to enhance the operational efficiency of the existing drilling systems. In retrofitting installation type, the traditional hydraulic drill machines are replaced with a new generation of robot or electrical machines.
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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The report segments the global robotic drilling market as follows:
Global Robotic Drilling Market– By Component
Hardware
Software
Global Robotic drilling Market– Installation Type
New Build
Retrofit
Global Robotic drilling Market– By Application
Onshore
Offshore
Global Robotic drilling Market– By Geography
North America
U.S.
Canada
Mexico
Europe
France
Germany
Italy
Spain
UK
Asia Pacific (APAC)
Australia
China
India
Japan
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