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Global Robotic Drilling Market is anticipated to grow at a strong CAGR by 2025

05-22-2020 12:45 AM CET | Business, Economy, Finances, Banking & Insurance

Press release from: Market Study Report LLC

Global Robotic Drilling Market is anticipated to grow at a strong

Market Study Report recently added a new title on 2020-2025 Global Robotic Drilling Market Report from its database. The report provides study with in-depth overview, describing about the Product, Industry Scope and elaborates market outlook and status to 2025.

Robotic drilling market is expected to grow US$ 946.6 million by 2025 from US$ 619.4 million in 2017. The demand for robotic drilling is largely influenced by the increase in global oil demands and surge in need for safer and high-quality drilling system. On the basis of component, hardware accounted for the largest share of the robotic drilling market in 2017 in terms of revenue.

Request a sample of this premium report titled Robotic Drilling Market to 2025 at https://www.marketstudyreport.com/request-a-sample/2095979?utm_source=openpr.com&utm_medium=Ram

The oil & gas sector is characterized by a high amount of uncertainty owing to the fluctuating demands for oil & gas products worldwide, environmental impacts, and legislation laid down by several authorities on these operations. Hence, the oil drilling business is also sometimes referred to as a highly risky business in financial terms as well as for the human capital involved. Digital Transformation Initiative removed the bottlenecks associated with operational costs, human lives risks, and productivity concerns. The US is an early and major adopter of this service and is still in its growing phase with the implementation of several tools, and techniques pertaining to robotic drilling.

The presence of some of the world's largest business firms coupled with huge competition in the region has driven the demands from the end-user industry for adoptions of robotic drilling services. Additionally, US is also considered to be the hub of innovations and therefore, the technological disruptions take place in this part of the world first before spreading to the other regions. Robotic drilling market is becoming prevalent across other developed and developing economies including Europe and MEA. Also, countries in APAC are experiencing a high growth in the industrial sector thus, propelling the growth of robotic drilling market.

On the basis of application, onshore is the leading segment in global robotic drilling market. Several advantages of onshore drilling systems are, it enhances performance and safety, reduces downtime, provides higher reliability in a harsh environment, and also provisions comprehensive operating life of wells, coupled with lesser operating and maintenance costs. All these features of the onshore drilling systems are leading towards the growth of robotic drilling in the onshore application. The implementation of advanced technologies also boosts the onshore robotic drilling system market as several companies are inclined towards the development of novel technologies.

The overall robotic drilling market size has been derived using both primary and secondary source. The research process begins with an exhaustive secondary research using internal and external sources to obtain qualitative and quantitative information related to the robotic drilling market. It also provides the overview and forecast for the global robotic drilling market based on all the segmentation provided with respect to five major reasons such as North America, Europe, Asia-Pacific, the Middle East and Africa, and South America. Also, primary interviews were conducted with industry participants and commentators in order to validate data and analysis. The participants who typically take part in such a process include industry expert such as VPs, business development managers, market intelligence managers, and national sales managers, and external consultant such as valuation experts, research analysts and key opinion leaders specializing in the robotic drilling industry.

Request a discount on standard prices of this premium report titled Robotic Drilling Market to at https://www.marketstudyreport.com/check-for-discount/2095979?utm_source=openpr.com&utm_medium=Ram

TABLE OF CONTENTS
1. INTRODUCTION 14
2. KEY TAKEAWAYS 16
3. 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
5. ROBOTIC DRILLING - GLOBAL MARKET ANALYSIS 36
5.1 GLOBAL ROBOTIC DRILLING MARKET OVERVIEW 36
5.2 GLOBAL ROBOTIC DRILLING MARKET FORECAST AND ANALYSIS 37
6. ROBOTIC DRILLING MARKET REVENUE AND FORECASTS TO 2025 -BY COMPONENT 38
6.1 OVERVIEW 38
6.2 GLOBAL ROBOTIC DRILLING MARKET BREAKDOWN, BY COMPONENT, 2017 & 2025 38
6.3 HARDWARE MARKET 39
6.3.1 Overview 39
6.3.2 Hardware Market Forecasts and Analysis 39
6.4 SOFTWARE MARKET 40
6.4.1 Overview 40
6.4.2 Software Market Forecasts and Analysis 40
7. GLOBAL ROBOTIC DRILLING MARKET REVENUE AND FORECASTS TO 2025 - BY INSTALLATION TYPE 41
7.1 OVERVIEW 41
7.2 GLOBAL ROBOTIC DRILLING MARKET BREAKDOWN, BY INSTALLATION TYPE, 2017 & 2025 41
7.3 NEW BUILD MARKET 42
7.3.1 Overview 42
7.3.2 New Build Market Forecasts and Analysis 42
7.4 RETROFIT MARKET 43
7.4.1 Overview 43
7.4.2 Retrofit Market Forecasts and Analysis 43
8. GLOBAL ROBOTIC DRILLING MARKET REVENUE AND FORECASTS TO 2025 - BY APPLICATION 44
8.1 OVERVIEW 44
8.2 GLOBAL ROBOTICS DRILLING MARKET BREAKDOWN, BY APPLICATION, 2017 & 2025 44
8.3 ONSHORE MARKET 45
8.3.1 Overview 45
8.3.2 Onshore Market Forecasts and Analysis 45
8.4 OFF SHORE MARKET 46
8.4.1 Overview 46
8.4.2 Off Shore Market Forecasts and Analysis 46
9. ROBOTIC DRILLING MARKET - GEOGRAPHICAL ANALYSIS 47
10. INDUSTRY LANDSCAPE 88
10.1 MERGER & ACQUISITION 88
10.2 MARKET INITIATIVE 89
10.3 NEW DEVELOPMENT 90
11. COMPETITIVE LANDSCAPE 91
11.1 COMPETITIVE PRODUCT MAPPING 91
11.2 MARKET POSITIONING - GLOBAL TOP 5 PLAYERS 93
12. GLOBAL ROBOTIC DRILLING - COMPANY PROFILES 94
12.1 NABORS INDUSTRIES LTD. 94
12.1.1 Key Facts 94
12.1.2 Business Description 94
12.1.3 Financial Overview 95
12.1.4 SWOT Analysis 96
12.1.5 Key Developments 98
12.2 RIGARM 99
12.2.1 Key Facts 99
12.2.2 Business Description 99
12.2.3 Financial Overview 99
12.2.4 SWOT Analysis 100
12.2.5 Key Developments 101
12.3 NATIONAL OILWELL VARCO, INC. 102
12.3.1 Key Facts 102
12.3.2 Business Description 102
12.3.3 Financial Overview 103
12.3.4 SWOT Analysis 103
12.3.5 Key Developments 105
12.4 SEKAL AS 106
12.4.1 Key Facts 106
12.4.2 Business Description 106
12.4.3 Financial Overview 106
12.4.4 SWOT Analysis 107
12.4.5 Key Developments 108
12.5 HUISMAN EQUIPMENT B.V. 109
12.5.1 Key Facts 109
12.5.2 Business Description 109
12.5.3 Financial Overview 109
12.5.4 SWOT Analysis 110
12.5.5 Key Developments 111
12.6 AUTOMATED RIG TECHNOLOGIES LTD. 112
12.6.1 Key Facts 112
12.6.2 Business Description 112
12.6.3 Financial Overview 112
12.6.4 SWOT Analysis 113
12.6.5 Key Developments 114
12.7 DRILLMEC INC. 115
12.7.1 Key Facts 115
12.7.2 Business Description 115
12.7.3 Financial Overview 115
12.7.4 SWOT Analysis 116
12.7.5 Key Developments 117
12.8 ENSIGN ENERGY SERVICES INC 118
12.8.1 Key Facts 118
12.8.2 Business Description 118
12.8.3 Financial Overview 119
12.8.4 SWOT Analysis 119
12.8.5 Key Developments 121
12.9 ABRAJ ENERGY SERVICES 122
12.9.1 Key Facts 122
12.9.2 Business Description 122
12.9.3 Financial Overview 122
12.9.4 SWOT Analysis 123
12.9.5 Key Developments 124
12.10 DRILLFORM TECHNICAL SERVICES LTD. 125
12.10.1 Key Facts 125
12.10.2 Business Description 125
12.10.3 Financial Overview 125
12.10.4 SWOT Analysis 126
12.10.5 Key Developments 127
13. APPENDIX 128
13.1 ABOUT THE INSIGHT PARTNERS 128
13.2 GLOSSARY OF TERMS 129
13.3 METHODOLOGY 130
13.3.1 Coverage 130
13.3.2 Secondary Research 130
13.3.3 Primary Research

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