Major Progress : Robots Market in Oil and Gas Drilling Operations to Expand at a CAGR of 4.68% to 2021 Due to Rise in Robots Industry

Albany, New York, August 2, 2017 : Recent research and the current scenario as well as future market potential of "Global Robots Market in Oil and Gas Drilling Operations 2017-2021" globally.

The market deals with advanced automated machines and robotic units that carry out drilling of oil fields and connect drill pipes located under the surface, thereby assisting industrial workers in onshore and offshore operations. These advanced automated machines and robotic units are also called fully automated drilling rigs and robotic drilling systems. The global robots market in oil and gas drilling operations include offshore and onshore applications.

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Technavios analysts forecast the global robots market in oil and gas drilling operations to grow at a CAGR of 4.68% during the period 2017-2021.

Covered in this report
The report covers the present scenario and the growth prospects of the global robots market in oil and gas drilling operations for 2017-2021. To calculate the market size, the report considers installations, retrofit, replacement, spares, aftermarket, and services market.

The market is divided into the following segments based on geography:
Americas
APAC
EMEA

Technavio's report, Global Robots Market in Oil and Gas Drilling Operations 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

Key vendors
Drillmec
Ensign
Nabors
Schramm

Other prominent vendors
Baker Hughes
Robotic Drilling Systems
DMC
Kuwait Drilling Company
Rockwell Automation
Voith (Part of Triton)

Market driver
Lower operational cost
For a full, detailed list, view our report

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Market challenge
High implementation cost
For a full, detailed list, view our report

Market trend
Fully automated drilling rigs
For a full, detailed list, view our report

Key questions answered in this report
What will the market size be in 2020 and what will the growth rate be?
What are the key market trends?
What is driving this market?
What are the challenges to market growth?
Who are the key vendors in this market space?
What are the market opportunities and threats faced by the key vendors?
What are the strengths and weaknesses of the key vendors?

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This release was published on openPR.