Press release
Electric Top Drive System Market: Premium Forecast & Analysis for 2016
Electric Top Drive System
An outlook of the Electric Top Drive System
Electric top drive system market owns majority share of the total market on account of better safety and reliability characteristics. The factors driving the top drive system market are increasing exploration and production activities, technological developments, rising energy need from emerging economies and safety concerns coupled with commercial & technical benefits offered by them
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The electric top drive system are forecast to have the highest growth of x% during the forecast period 2016-2021. North America and Asia alone are estimated to occupy a share of more than xx% during 2016-2021.
Maritime Hydraulics has launched a new Electric PTD (Portable Top Drive). This PTD is available with an alternative electric drive system. A new electric motor has been designed to be used along with the PTD which includes same dimensions as that of standard MH PTD.
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The electric top drive systems are further categorized on the basis of control type into one-to-one, many-to-one, one-to-many and many-to-many control methods.
The electric top drive system accounted for the major market share of 88%, followed by hydraulic top drives, which held a share of 12% in 2014. This report provides an analysis about the drivers, restraints, and opportunities of the global top drive market.
Growth in drilling and exploration activities and increasing need for energy from emerging economies are expected to be the major drivers in increasing the usage of top drives globally.
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Table of Content Key Points
Industrial Chain, Sourcing Strategy and Downstream Buyers
Electric Top Drive System Industrial Chain Analysis
Upstream Raw Materials Sourcing
Raw Materials Sources of Electric Top Drive System Major Manufacturers in 2015
Downstream Buyers
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