Press release
Offshore Drilling Rigs Market Size, Share, Growth, Industry Trends And Outlook (2023 - 2032)
Offshore Drilling Rigs Global Market
Offshore Drilling Rigs Market Size, Growth Rate, And Forecast
The global offshore drilling rigs market size grew from $85.36 billion in 2022 to $92.83 billion in 2023 at a compound annual growth rate (CAGR) of 8.8%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The offshore drilling rigs market size is expected to grow to $121.24 billion in 2027 at a CAGR of 6.9%.
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Offshore Drilling Rigs Market Drivers
An increase in the number of exploratory wells is expected to propel the growth of the offshore drilling rigs market. Exploratory wells are deep test holes dug by oil and gas exploration companies both onshore and offshore to uncover proven reserves of recoverable gas and oil.
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Offshore Drilling Rigs Market Segments
1) By Type: Jackups, Semisubmersibles, Drill Ships, Other Types
2) By Application: Shallow Water, Deepwater, Ultra-Deep Water
• By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. North America was the largest region in the Offshore Drilling Rigs market.
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Offshore Drilling Rigs Market Key Players
Major competitors in the Offshore Drilling Rigs market include Samsung Heavy Industries Co. Ltd., Loadmaster Universal Rigs Inc., Rowan Companies, Keppel Corporation Limited
The Table Of Content For The Offshore Drilling Rigs Market Include:
1. Executive Summary
2. Offshore Drilling Rigs Market Characteristics
3. Offshore Drilling Rigs Market Trends And Strategies
4. Offshore Drilling Rigs Market - Macro Economic Scenario
5. Offshore Drilling Rigs Market Size And Growth
……
27. Offshore Drilling Rigs Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Offshore Drilling Rigs Market
29. Offshore Drilling Rigs Market Future Outlook and Potential Analysis
30. Appendix
The Business Research Company's "Global Offshore Drilling Rigs Market Report 2023" is a comprehensive report of the market, covering over 60 geographies and high level market segmentation per geography. The section on regional and country breakdowns examines the market in each geography as well as market size by region and country. Furthermore, it evaluates the market's historical and projected growth and identifies significant trends and strategies that businesses can use to expand their operations.
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