Robotic Drilling Market 2019 Global Analysis By Key Players Nabors – Rds, National Oilwell Varco, Huisman Equipments, Automated Rig Technologies, Drillmec, Ensign Energy Services, Sekal

Robotic Drilling Market 2019 Global Industry Forecast to 2025 Research Report published by Market Research Future. Global Robotic Drilling Market Report by Installation Type (Retrofit, New Builds, and Others), Component (Hardware, Software), Application (Onshore, Offshore), and Region (North America, APAC, Europe, RoW) with Forecast to 2023. Robotic Drilling Market is to grow at a healthy CAGR of 7.2% by 2023.

Key Robotic Drilling Companies Analyzed in Report:

Nabors – Rds, National Oilwell Varco, Huisman Equipments, Automated Rig Technologies, Drillmec, Ensign Energy Services, Sekal, Rigarm, Weatherford International, and Odfjell Drilling are among the leading market players that have been included in the competitive analysis of the robotic drilling market in MRFR’s report.

Get Free Sample Report at: https://www.marketresearchfuture.com/sample_request/6661

Global Robotic Drilling Market Highlights:

The global robotic drilling market is slated to appreciate at a CAGR of 7.2% during the forecast period from 2018 to 2023. In 2017, the market generated a market value of USD 650 Bn and will continue to grow to reach an approximate value of USD 940 Bn by the end of 2023. Robotic drilling has established itself as a revolutionary robotic technology which has significant applications in unmanned drilling operations. Robotic control systems for drilling help to facilitate seamless operations between drilling machines in a safe manner which also reduces the scope for human error.

Drilling activities have been on the rise, with a growing focus on onshore drilling due to the reduced investments required to set up a drilling rig. The demand for high efficiency in the extraction of oil & gas in onshore applications has prompted oil & gas companies to adopt robotic drilling systems. Faster production processes and reduced human intervention during drilling are influencing the growth of the global robotic drilling market.

Remote controlling of robotic drilling reduces human error as well as increases safety in drilling operations while improving time efficiency, thus driving the demand for robotic drilling. Notably, safety regulations are becoming stricter, and as such, the increased demand for safety on oil rigs has increased the adoption of robotic drilling. Moreover, deep-water exploration has increased the demand for robotic drilling as deep-water pressure is highly dangerous and expensive for manned operations.

Presently, a dearth of interoperability of rig control systems challenges the growth of the market. However, the development of software used in robotic drilling systems is likely to mitigate this in the coming years. Moreover, robotic drilling has several opportunities on the horizon which are projected to assist market growth soon. Increasing deep-water exploration activities are expected to increase adoption as manned operations in deep water is highly unsafe.

Market Segmentation

Segmentation of the global robotic drilling market in MRFR's report has been done based on installation type, component, application, and region. Installation types of robotic drills have been segmented into retrofit and new builds. Between these, the retrofit segment has established itself as the key segment with both the largest share of the market as well as highest CAGR over the review period.

Components of robotic drilling systems have been segmented into hardware and software. The hardware segment has captured the most sizable share of the market. However, the software segment is set to grow at a rapid pace and contend for the leadership position in the coming years.

Applications of robotic drilling have been segmented into offshore, and onshore. Onshore applications are growing at a formidable pace, making the segment the most significant as well as the fastest growing one.

Regional Analysis:

North America is one of the most significant consumers of oil and market players in the region have been conducting exploration activities for a long time to build reserves. Moreover, the presence of well-developed infrastructure and developed countries such as the U.S and Canada combined with a high number of motor vehicles has stressed the increasing demand for fossil fuels. The U.S also homes the Permian Basin which is a massive sedimentary basin with large reserves of oil. Increasing onshore oil & gas exploration activities are expected to increase the adoption of robotic drilling. The North American market for robotic drilling is both the most significant among all regions and the fastest growing market.

Table Of Contents

1 Executive Summary

2 Market Introduction

2.1 Definition

2.2 Scope Of The Study

2.3 Market Structure

2.4 Key Takeaways

2.5 Key Buying Criteria

3 Market Insights

4 Research Methodology

4.1 Research Process

4.2 Primary Research

4.3 Secondary Research

4.4 Market Size Estimation

4.5 Forecast Model

4.6 List Of Assumptions

5 Market Dynamics

5.1 Introduction

5.2 Drivers

5.2.1 Increase In Drilling Activities

5.2.2 Less Human Intervention

5.2.3 Adoption Of Automation In Oil & Gas

5.3 Restraints

5.3.1 Lack Of Interoperability Of Rig Control System

5.3.2 Restraints Impact Analysis

5.4 Opportunities

5.4.1 Safety In Oil Rigs

5.4.2 Increased Exploration Activities In Deep Water

5.5 Supply Chain Analysis

5.6 Porter’s Five Forces Model

5.6.1 Threat Of New Entrants

5.6.2 Bargaining Power Of Suppliers

5.6.3 Bargaining Power Of Buyers

5.6.4 Threat Of Substitutes

5.6.5 Intensity Of Rivalry

6 Global Robotic Drilling Market, By Installation Type

6.1 Overview

6.1.1 Retrofit

6.1.1.1 Market Estimates & Forecast, 2018-2023

6.1.1.2 Market Estimates & Forecast By Region/Country, 2018-2023

6.1.2 New Builds

6.1.2.1 Market Estimates & Forecast, 2018-2023

6.1.2.2 Market Estimates & Forecast By Region/Country, 2018-2023

7 Global Robotic Drilling Market, By Component

7.1 Overview

7.1.1 Hardware

7.1.1.1 Market Estimates & Forecast, 2018-2023

7.1.1.2 Market Estimates & Forecast By Region/Country, 2018-2023

7.1.2 Software

7.1.2.1 Market Estimates & Forecast, 2018-2023

7.1.2.2 Market Estimates & Forecast By Region/Country, 2018-2023

8 Global Robotic Drilling Market, By Application

8.1.1 Onshore

8.1.1.1 Market Estimates & Forecast, 2018-2023

8.1.1.2 Market Estimates & Forecast By Region/Country, 2018-2023

8.1.2 Offshore

8.1.2.1 Market Estimates & Forecast, 2018-2023

8.1.2.2 Market Estimates & Forecast By Region/Country, 2018-2023

Continued…

LIST OF TABLES

TABLE 1 MARKET SYNOPSIS

TABLE 2 LIST OF ASSUMPTIONS

TABLE 3 EUROPE AIR QUALITY STANDARDS

TABLE 4 GLOBAL ROBOTIC DRILLING MARKET, BY INSTALLATION TYPE, 2018-2023 (USD MILLION)

TABLE 5 GLOBAL ROBOTIC DRILLING MARKET, BY COMPONENT, 2018-2023 (USD MILLION)

TABLE 6 GLOBAL ROBOTIC DRILLING MARKET, BY APPLICATION, 2018-2023 (USD MILLION)

TABLE 7 GLOBAL ROBOTIC DRILLING MARKET, BY REGION, 2018-2023 (USD MILLION)

TABLE 8 NORTH AMERICA: ROBOTIC DRILLING MARKET, BY COUNTRY, 2018-2023 (USD MILLION)

Continued…

LIST OF FIGURES

FIGURE 1 GLOBAL ROBOTIC DRILLING MARKET: MARKET STRUCTURE

FIGURE 2 RESEARCH PROCESS OF MRFR

FIGURE 3 TOP DOWN & BOTTOM UP APPROACH

FIGURE 4 DRO ANALYSIS OF GLOBAL ROBOTIC DRILLING MARKET

FIGURE 5 DRIVERS IMPACT ANALYSIS: ROBOTIC DRILLING MARKET

FIGURE 6 RESTRAINTS IMPACT ANALYSIS: ROBOTIC DRILLING MARKET

FIGURE 7 VALUE CHAIN: ROBOTIC DRILLING MARKET

FIGURE 8 PORTER’S 5 FORCES ANALYSIS

Continued…

Browse More Details: https://www.marketresearchfuture.com/reports/robotic-drilling-market-6661

Contact Us:

Company Name: Market Research Future

Email: sales@marketresearchfuture.com

Phone: +1 646 845 9312

Country: India

Website: www.marketresearchfuture.com

About Market Research Future:
At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.

This release was published on openPR.