Press release
Robotic Drilling Equipment Market Statistics, 2020-2027 | Automation in the oil & gas industry drives the market growth
Robotic Drilling Equipment Market
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The robotic drilling equipment market is mainly driven by rise in adoption of automation in the oil & gas industry. Automation gives better data collection, precise & accurate operations, and worker safety. In addition, there is minimum human intervention, which minimizes the probability of human errors. It also increases the efficiency of the robotic drilling machines as well as the operations carried out on onshore and offshore.
However, interoperability of the control system of robotic drilling machines compromises with the data privacy and cyber security risk of the data and operations of robotic drilling machines. In addition, the outbreak of COVID-19 has led to halt in construction and manufacturing activities across the globe.
Key Players
The major players profiled in the robotic drilling equipment market include Automated Rig Technologies Ltd., Drillform Technical Services Ltd., Drillmec Inc., Epiroc AB, Herrenknecht Group, Huisman Equipment B.V., KCA Deutag Alpha Limited, Loadmaster Universal Rigs, Inc., Nabors Industries Ltd., and National Oilwell Varco, Inc.
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Key Market Segments
By Application
Land
Water
By Installation
New Installation
Modernize
By End-user Industry
Oil
Gas
By Region
North America
Europe
Asia-Pacific
LAMEA
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Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of Market Research Reports and Business Intelligence Solutions. AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domains.
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