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Offshore Drilling Market Outlook To 2024

05-06-2020 02:39 AM CET | Advertising, Media Consulting, Marketing Research

Press release from: Ameri Research Inc.

Offshore Drilling Market

Offshore Drilling Market

Offshore Drilling Market Outlook To 2024: In-Depth Market View, Key Service Categories (Directional Drilling, Measurement While Drilling, Contract Drilling, Logging While Drilling), Application (Shallow, Deepwater, Ultra-Deep Water), Regional Segmentation, Top Players & Company Share, Competitive Dynamics, Growth Drivers & Restraints, Pricing Analysis, Segment Forecast And Key Conclusion

The global offshore drilling market was valued at $89.5 billion in 2016 and is forecast to grow at a steady CAGR of 5.2% between 2015 and 2024, culminating in 2024 global revenue of $133.8 billion.

Industry at a Glance

Increasing crude oil demand from end-use industries such as energy, textiles, transportation, polymers and paints & coatings is anticipated to spur global offshore drilling market over the forecast period. Rising drilling activities in North America and Middle East coupled with drained onshore reserves are expected to remain key driving factors for industry growth.


Around 50% of the market is covered by shallow water applications. However, with technological advancements and better infrastructure, operators have entered into other segments such as ultra-deep water and deep water. The shift in trend towards deep water drilling as a result of untapped subsea hydrocarbon reserves and decreasing shallow water basins production is expected to fuel market growth over the next seven years.

Rapid industrialization coupled with increasing number of automobiles in emerging economies of Asia Pacific and Latin America is driving offshore drilling activities significantly. Population expansion, increasing per capita disposable income, and growing natural gas demand for household cooking is set to positively influence industry growth over the forecast period.

Click the link below to view the report description:
www.ameriresearch.com/product/offshore-drilling-market-size-report/

Key findings from the study: -
o The global offshore drilling market was valued at $89.5 billion in 2016 and is forecast to grow at a steady CAGR of 5.2% between 2015 and 2024, culminating in 2024 global revenue of $133.8 billion.
o Increasing crude oil demand from end-use industries such as energy, textiles, transportation, polymers and paints & coatings is anticipated to spur global offshore drilling market over the forecast period.
o Volatile crude oil prices coupled with increasing oil & gas production in North America is set to influence price trends over the forecast period.
o Key industry participants include Schlumberger Limited, Weatherford International Limited, Halliburton Company, Seadrill Limited, China Oilfield Services Limited, Noble Corporation, Baker Hughes Inc., Maersk Drilling, Dolphin Drilling, and Atwood Oceanics. Other notable companies include Diamond Offshore Drilling Inc., Ensco PLC, Superior Energy Services, Hercules Offshore and Nabors Industries Ltd.

Ameri Research has segmented the Offshore Drilling Market by material categories, product type, end-use and region:

Market Segmentation
o Offshore Drilling Market by Services (Revenue, USD Million)
o Directional Drilling
o Measurement While Drilling
o Contract Drilling
o Logging While Drilling
o Offshore Drilling Market by Application (Revenue, USD Million)
o Shallow Water Drilling
o Deep Water Drilling
o Ultra-Deep Water Drilling
o Offshore Drilling Market by Region (Revenue, USD Million)
o North America
o U.S.
o Canada
o Europe
o Germany
o UK
o France
o Italy
o Spain
o Russia
o Asia Pacific
o China
o India
o Japan
o Australia
o Thailand
o Latin America
o Brazil
o Mexico
o Venezuela
o Middle East & Africa (MEA)
o Saudi Arabia
o UAE

BrowseFullReport@ www.ameriresearch.com/product/offshore-drilling-market-size-report/

Contact Us:
Contact Us:
Ameri Research Inc.
Tel: 1-813-666-0858
Email: nibedita@ameriresearch.com
Web: www.ameriresearch.com

About Us:
Ameri Research Inc. (www.ameriresearch.com) is a U.S. based market research and consulting company, registered in the State of Florida and headquartered in Tampa Bay Area. At Ameri Research we are passionately curious about people, markets, brands and society. Our ability to gauge market movements, deep expertise in data science, strong domain expertise and years of collective global experiences helps us to bring unmatched quality in deliverables to our clients. With carefully planned systems and processes in place, we cater to the requirements of our clients in a timely and cost-efficient manner, bringing increased predictability to their business. Each year we are publishing more than 100 syndicated reports in healthcare, chemicals, materials, food & beverages, defense & aerospace, media & entertainment, sports & fitness, and energy. We offer our clients a unique depth of knowledge and expertise around-

Market Mapping
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Developing a culture of collaboration and curiosity, we attract the highest caliber of likeminded people having ability to influence and shape the future.

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