Robotic Drilling Market SWOT Analysis to 2025 Lead By Nabors Industries, Rigarm, National Oilwell Varco, Huisman Equipment, Drillmec, Ensign Energy Services, Drillform Technical Services

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).

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.

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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.

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 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 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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Table of Content:

Robotic Drilling Market Landscape 18
3.1 Market Overview 18
3.2 Market Segmentation 19
3.2.1 Global Robotic Drilling Market - By Component 20
3.2.2 Global Robotic Drilling Market - By Installation Type 20
3.2.3 Global Robotic Drilling Market - By Application 20
3.2.4 Global Robotic Drilling Market - By Geography 20
3.3 Pest Analysis 22
3.3.1 North America - Pest Analysis 22
3.3.2 Europe - Pest Analysis 24
3.3.3 Asia Pacific - Pest Analysis 26
3.3.4 Middle East And Africa - Pest Analysis 28
3.3.5 South America - Pest Analysis 30

4. Robotic Drilling Market - Key Industry Dynamics 32
4.1 Key Market Drivers 32
4.1.1 Increasing Oil Demands Globally Propelling Integration Of Automation In The Oil & Gas Sector 32
4.1.2 Growing Needs For A Safer And High Quality Drilling System Reducing The Human Interventions 32
4.2 Key Market Restraints 33
4.2.1 Volatility Of The Oil & Gas Industry 33
4.3 Key Market Opportunities 33
4.3.1 Higher Emphasis Being Laid For Oil Extraction In The Arctic Based Deep-Water Regions 33
4.3.2 Technological Innovations To Continually Create More Opportunities 34
4.4 Future Trends 34
4.4.1 Large Number Of Industry Partnerships With Different Stakeholders 34
4.5 Impact Analysis Of Drivers And Restraints 35

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