Press release
Offshore Drilling Rigs Global Market Report 2025: Soaring Market Size and Key Drivers
The offshore drilling rigs market size is expected to see significant growth in the coming years, driven by increasing oil and gas demand, improving energy trends, and evolving regulatory environment.What Is The Projected Market Size Of The Global Offshore Drilling Rigs Global Market Report 2025 And Its Growth Rate?
• The offshore drilling rigs market size will grow from $92.83 billion in 2024 to $100.03 billion in 2025 at a compound annual growth rate (CAGR) of 7.7%.
• The market size is expected to grow strongly, reaching $129.76 billion in 2029 at a CAGR of 6.7%.
What Is Driving The Growth In The Offshore Drilling Rigs Global Market Report 2025?
An increase in the number of exploratory wells is propelling the growth of the offshore drilling rigs market. These wells are dug by oil and gas exploration companies both onshore and offshore to uncover proven reserves of recoverable gas and oil. For instance, in December 2023, according to the U.S. Energy Information Administration, oil production increased to 12.1 million b/d, and natural gas production rose to 121.1 Bcf/d. This increase is driving the growth of the offshore drilling rigs market.
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Who Are the Key Players Driving Offshore Drilling Rigs Global Market Report 2025 Growth?
• Samsung Heavy Industries Co. Ltd.
• Rowan Companies Inc.
• Keppel Corporation Limited
• Hyundai Heavy Industries Co. Ltd.
• Schlumberger NV
• TRINIDAD DRILLING Ltd.
• Halliburton Company
• Baker Hughes Company
• Transocean Ltd.
• Diamond Offshore Drilling Inc.
• Noble Corporation
• Seadrill
• Weatherford International plc
• Stena Drilling Ltd
• China Oilfield Services Limited
• Nabors Industries Limited
• Saipem s. p. a.
• KCA Deutag
• Parker Drilling Company
• Sembcorp Marine Ltd.
• COSCO Shipyard Group Co. Ltd.
• NOV Inc.
• Pacific Drilling Company LLC
• Hanwha Ocean Co. Ltd.
• Aban Offshore Limited
• Maersk Drilling
What Are The Key Trends In The Offshore Drilling Rigs Global Market Report 2025?
• Floating rig technology
• Digitalization and automation
• Alternative energy exploration
• Collaborative business models
• Remote monitoring and maintenance
What Are The Segments Of The Global Offshore Drilling Rigs Global Market Report 2025?
• By Type: Jackups, Semisubmersibles, Drill Ships, Other Types
• By Application: Shallow Water, Deepwater, Ultra-Deep Water
Which Region Leads The Offshore Drilling Rigs Global Market Report 2025?
North America was the largest region in the offshore drilling rigs market in 2024. Middle East and Africa are expected to be the fastest-growing regions in the forecast period. The regions covered in the market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.
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What Is Covered In The Offshore Drilling Rigs Global Market Report 2025 Global Market Report?
- Market Size Analysis: Analyze the Offshore Drilling Rigs Global Market Report 2025 size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the Offshore Drilling Rigs Global Market Report 2025 for effective categorization.
- Key Player Focus: Focus on key players to define their market value, share, and competitive landscape.
- Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
- Market Contribution: Evaluate contributions of different segments to the overall Offshore Drilling Rigs Global Market Report 2025 growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the Offshore Drilling Rigs Global Market Report 2025.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.
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