Press release
Robotic Drilling Industry is Expected to Reach USD 999.45 Million by 2032 -National Oilwell Varco, Weatherford International, Nabors-Rds, Ensign Energy Services, Huisman, Drillmec, Precision Drilling, Sekal, Abraj Energy, Drillform Technical, Automated Ri
Recession is going to hit soon badly, know your market well.
The robotic drilling based on installation has been segmented into new builds and retrofit. The retrofit segment is expected to account for a larger market share due to the increasing need to improve safety and efficiency of the existing rigs, coupled with the increased focus on low human intervention during drilling.
In this report, the market has been analyzed with respect to 5 regions, namely, North America, Europe, Asia Pacific, Middle East, and Rest of the World. North America is expected to dominate the global market during the forecast period due to the rise in the shale gas production and the higher safety and efficiency norms provided by drilling contractors. North America is also expected to be the fastest-growing market, followed by Asia Pacific.
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Global Robotic Drilling: Top Key Players
National Oilwell Varco, Weatherford International, Nabors-Rds, Ensign Energy Services, Huisman, Drillmec, Precision Drilling, Sekal, Abraj Energy, Drillform Technical, Automated Rig Technologies, Rigarm
Key Drivers and Restraints of Robotic Drilling Market
Rise in automation in the oil & gas industry is one of the key drivers of the robotic drilling market. Over the last few years, oil and gas companies have been depending more on the automation process, as the process reduces time and increases profitability. Several companies are taking initiatives to implement digitization in oil fields. This has led to a rise in investment in the modernization of facilities intended to increase productivity and reduce budgets as well as timelines.
Robotic drilling reduces human contact in the drilling process and also improves the speed of production. Furthermore, drilling can produce dust or other particles in the air during the application process. The usage of a robotic driller helps remove workers from the harmful environment. Thus, demand for robotic drilling is likely to increase during the forecast period.
Robotic drilling technology is in the development phase. Thus, the cost associated with it is much higher. Furthermore, lack of infrastructure is one of the restraining factors of the global robotic drilling market.
Global Robotic Drilling Market Segmentation
The global robotic drilling market can be segmented based on application, installation, and component
In terms of application, the robotic drilling market can be bifurcated into onshore and offshore. The onshore segment dominated the global market in 2020. It is expected to maintain its dominance during the forecast period. Onshore drilling is much simpler and requires less capital as well as operational investment. Thus, demand for robotic drilling is expected to rise in the onshore segment during the forecast period.
Based on installation, the global robotic drilling market can be divided into new and retrofit. Retrofit was the lucrative segment of the global robotic drilling market in 2020. Demand for robotic drilling in the segment is expected to rise significantly, as it improves safety and efficiency of the existing rigs. It also increases the focus on minimal human intervention during drilling.
Based on component, the robotic drilling market can be segregated into hardware and software. Companies are investing significantly in development of software as well as hardware. This is projected to boost the demand for robotic drilling in the oil & gas industry during the forecast period.
Product types uploaded in the Robotic Drilling are:
Retrofit, New Builds
Key applications of this report are:
Onshore, Offshore
Global Robotic Drilling: By Countries
United States
Canada
Germany
UK
France
Italy
Spain
Russia
China
Japan
South Korea
Australia
Thailand
Brazil
Argentina
Chile
South Africa
Egypt
UAE
Saudi Arabia
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Robotic Drilling: Regional analysis includes
Asia-Pacific (Vietnam, China, Malaysia, Japan, Philippines, Korea, Thailand, India, Indonesia, and Australia)
Europe (Turkey, Germany, Russia UK, Italy, France, etc.)
North America (the United States, Mexico, and Canada.)
South America (Brazil etc.)
The Middle East and Africa (GCC Countries and Egypt)
Some Points from Table of Contents
Chapter 1 Toll Like Receptor 8 Introduction and Market Overview
Chapter 2 Executive Summary
Chapter 3 Industry Chain Analysis
Chapter 4 Global Robotic Drilling, by Type
Chapter 5 Robotic Drilling, by Application
Chapter 6 Global Robotic Drilling Analysis by Regions
Chapter 7 North America Robotic Drilling Analysis by Countries
Chapter 8 Europe Robotic Drilling Analysis by Countries
Chapter 9 Asia Pacific Robotic Drilling Analysis by Countries
Chapter 10 Middle East and Africa Robotic Drilling Analysis by Countries
Chapter 11 South America Robotic Drilling Analysis by Countries
Chapter 12 Competitive Landscape
Chapter 13 Industry Outlook
Chapter 14 Global Robotic Drilling Forecast
Chapter 15 New Project Feasibility Analysis
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Report includes Competitor's Landscape:
➊ Major trends and growth projections by region and country
➋ Key winning strategies followed by the competitors
➌ Who are the key competitors in this industry?
➍ What shall be the potential of this industry over the forecast tenure?
➎ What are the factors propelling the demand for the Toll Like Receptor 8?
➏ What are the opportunities that shall aid in significant proliferation of the market growth?
➐ What are the regional and country wise regulations that shall either hamper or boost the demand for Toll Like Receptor 8?
➑ How has the covid-19 impacted the growth of the market?
➒ Has the supply chain disruption caused changes in the entire value chain?
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