Press release
Jackup Rigs Market- Trends, Drivers, Strategies, Applications and Competitive Landscape to 2022
Market HighlightsOne of the most significant factors for the growth of Jackup Rigs Market is the increasing global demand for energy. This is due to the increased economic growth and the growing population worldwide. There has been significant investment in the oil & gas exploration activities, especially in the Middle East and Asia-Pacific regions. This has led to significant recent discoveries of oil & gas reserves in the remote areas of these regions. Furthermore, research and development in jackup rigs has resulted in technological advancements in terms of equipment for offshore drilling capacities. This in turn has resulted in jackup rigs being cost effective and more feasible for drilling operations, thus driving the market growth.
Key Players
• Rowan Companies Inc.(U.K.),
• Noble Corporation plc (UK),
• KCA DEUTAG Ltd.(Scotland),
• Maersk Drilling (Denmark),
• Diamond Offshore Drilling, Inc. (U.S),
• COSL (China),
• Transocean Ltd. (Switzerland),
• Seadrill Limited(Bermuda),
• ENSCO Plc (UK),
• Halliburton (U.S.)
• others.
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Market Research Analysis
Recent technological advancements in offshore drilling activities have made jackup rig operations, feasible and considerably cost effective than other methods. This has also resulted in increased operation depths of these rigs. Additionally, the technology is also now used in offshore wind turbine installations because of it’s the operational feasibility. There has also been continuous investment in the oil & gas exploration activities in Asia Pacific and Middle East regions. Recent discoveries of offshore energy reserves in these regions have triggered the need for jackup rigs.
The market has been analyzed based on the types, applications, operating depths and regions. Among all the regions, the Asia-Pacific is expected to grow rapidly. The rapid growth in population and in demand for energy is expected to drive the growth of the jackup rigs market in the region over the forecast period. Further growth, projected for the North America and Middle East regions, is expected to drive the overall growth of the market.
Taste the market data and market information presented through more than 50 market data tables and figures spread in 110 numbers of pages of the project report. Avail the in-depth table of content TOC & market synopsis on “Global Jackup Rigs Market Global Forecast to 2022”
Scope of the Report
By Type
• Independent Leg type
• Mat type
By Application
• MODU
• Offshore wind turbine installations
By Operating Depth
• Shallow water
• Deep water
• Ultra deep water
By Region
• North America
• Asia Pacific
• Europe
Rest of the World
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North- America accounts for the highest market share
North America currently has the highest market share and is expected to drive the growth of the market, along with Europe region, due to the continuous oil and gas exploration activities. The jack up rigs market in the Gulf of Mexico is quite well established and the growing population will further raise the requirement. In the developing economies of Asia-Pacific and Middle East regions there is an increased requirement for offshore drilling market because of new discoveries of oil & gas reserves. This is expected to drive the demand for jackup rigs market.
Table of Content
1 Executive Summary
2 Research Methodology
2.1 Scope Of The Study
2.1.1 Definition
2.1.2 Research Objective
2.1.3 Assumptions
2.1.4 Limitations
2.2 Research Process
2.2.1 Primary Research
2.2.2 Secondary Research
2.3 Market Size Estimation
2.4 Forecast Model
3 Market Dynamics
3.1 Market Drivers
3.2 Market Inhibitors
3.3 Supply/Value Chain Analysis
3.4 Porter’s Five Forces Analysis
4 Global Jackup Rigs Market, By Type
Continue………..
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