Robotics Market-By Application, By Installation, By Component, and Region-Global Forecast 2023

SDKI Inc. published a new research report on "Robot Drilling Market-Global Forecast 2023" on April 15, 2021. The report provides a complete assessment of the market and its growth prospects, along with new business opportunities in the industry. It also includes market size and annual growth during the 2018-2023 forecast period.

Report sample URL
https://www.sdki.jp/sample-request-109888

The robot drilling market is estimated to reach US $ 923.2 million by 2023 and is expected to grow at a CAGR of 7.01% between 2018-2023.

The growth of this market is driven by increased drilling activity through the development of non-conventional hydrocarbon resources. Automation and robotics in oil and gas drilling are also contributing to market growth.

Market Segments
The robot drilling market is divided by application (onshore and offshore), installation (new build and retrofit), component (hardware and software), and region. These segments are further subsegmented based on various factors and consist of some additional information about the market, such as the combined annual growth rate of each segment and subsegment, the market value and volume of the valuation period.

Based on the application, the onshore drilling segment is expected to grow at a higher CAGR between 2018-2023.

The onshore drilling segment is expected to grow at a high CAGR during the forecast period. Growth in this segment could be due to increased non-conventional drilling activity and the penetration of automation in onshore drilling in countries such as the United States, China and Canada.

Report sample URL
https://www.sdki.jp/sample-request-109888

Area overview
In addition, the report covers all regions of the world, divided into North America, Europe, Asia Pacific, Latin America, Middle East & Africa and more. North America is estimated to dominate the global robot drilling market during the forecast period due to increased drilling activity in the US and Canada. The United States is the largest market in North America, focusing on the development of shale gas resources to increase oil and gas production, and the high adoption of automation and robotics in drilling. Canada is another major market in North America. The country is rich in traditional and non-traditional natural gas sources such as tight gas and shale gas, and leverages drilling automation technology to extract these resources.

For more detailed analysis, each region is further divided into countries:
- Asia Pacific (China, India, Japan, South Korea, Indonesia, Malaysia, Australia, New Zealand, and other Asia Pacific)
- North America (US and Canada)
- Middle East and Africa (Israel, GCC [Saudi Arabia, United Arab Emirates, Bahrain, Kuwait, Qatar, Oman], North Africa, South Africa, and other Middle East and Africa)
- Latin America (Brazil, Mexico, Argentina, and other Latin America)
- Europe (UK, Germany, France, Italy, Spain, Hungary, Belgium, Netherlands, Luxemburg, NORDIC, Poland, Turkey, Russia and other Europe)

Details of the survey report
https://www.sdki.jp/reports/robotic-drilling-market/109888

Key Players on the Market Key players
on the robot drilling market include Nabors (USA), Precision Drilling (Canada), Huisman (USA), Weatherford (Switzerland), and National Oilwell Varco (USA).

The survey includes a detailed competitive analysis of these key companies in the robot drilling market , company profiles, recent developments, and key market strategies.

Contact Us:

Hina Miyazu
15/F Cerulean Tower, 26-1 Sakuragaoka-cho
Tokyo, Shibuya-ku, Japan
+ 81345720790
sales@sdki.jp

SDKI Inc. Company Profile

SDKI Inc.'s goal is market scenarios in various countries such as Japan, China, the United States, Canada, the United Kingdom, and Germany. Is to clarify. We also focus on providing reliable research insights to clients around the world, including growth indicators, challenges, trends and competitive environments, through a diverse network of research analysts and consultants. With SDKI gaining trust and a customer base in more than 30 countries, SDKI is even more focused on expanding its foothold in other pristine economies.

This release was published on openPR.