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Global Electric Top Drive Systems Market 2018-2022

  • Published: Oct 2018
  • Pages: 105
  • SKU: IRTNTR23012
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The global electric top drive systems market size will grow by USD 35.80 million during 2018-2022. This report offers an analysis of the market based on application (onshore and offshore) and geography (the Americas, APAC, and EMEA). The electric top drive systems market research report further analyzes the market’s competitive landscape and offers information on several companies including Akastor, Honghua America, KCA Deutag, Nabors Industries, National Oilwell Varco, and Schlumberger.

Below are some of the key findings from the electric top drive systems market research report

Electric Top Drive Systems Market

 

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Global electric top drive systems industry overview

According to the US Energy Information Administration (EIA), global liquid fuel consumption is likely to increase considerably in the forthcoming years. Furthermore, with the continuously declining crude oil prices between June 2014 to January 2016, fuel consumption has increased significantly over the last few years. In addition, to discover greenfield oil wells in the new and existing oil fields, major oil and gas companies are increasing the production of these resources for catering to the demand. This has further increased the oil and gas upstream activities, in turn, boosting the electric top drive systems market growth during the next few years.

The rising investments in the shale industry are one of the key trends expected to gain prominence in the market. Significant investments from financiers are enabling producers in increasing their shale output, particularly in the US. Oil companies increasingly focusing on spending on short-cycle shale projects while reducing risks and providing a quick return on investments. As a result, rising investments in the shale industry will further proliferate the need for tertiary enhanced oil recovery techniques, in turn, increasing the potential for the global electric top drive systems market.

Top electric top drive systems companies covered in this market research report

The electric top drive systems market is fairly concentrated with companies focusing on launching different products for catering the evolving end-user requirements. By offering a complete analysis of the market’s competitive landscape and with information on the products offered by the companies, this electric top drive systems industry analysis report will aid clients to identify new growth opportunities and design innovative strategies for strengthening their position in the market.

The report offers a complete analysis of various companies including:

  • Akastor
  • Honghua America
  • KCA Deutag
  • Nabors Industries
  • National Oilwell Varco
  • Schlumberger

Electric top drive systems market segmentation based on geographic regions

  • Americas
  • APAC
  • EMEA

With a complete study of the growth opportunities for the companies, the Americas will account for the highest electric top drive systems market revenue throughout the forecast period. The APAC region, however, will contribute the fastest growth in the market due to the growing awareness of the benefits of electric top drive systems.

Electric top drive systems market segmentation based on application

  • Onshore
  • Offshore

The onshore application segment will account for the highest electric top drive systems market growth during the forecast period. Additionally, the report also provides an accurate prediction of the contribution of the various application segments to the growth of the electric top drive systems market size.

Key highlights of the global electric top drive systems market for the forecast years 2018-2022:

  • CAGR of the market during the forecast period 2018-2022
  • Detailed information on factors that will accelerate the growth of the electric top drive systems market during the next five years
  • Precise estimation of the global electric top drive systems market size and its contribution to the parent market
  • Accurate predictions on upcoming trends and changes in consumer behavior
  • Growth of the electric top drive systems industry across the Americas, APAC, and EMEA
  • A thorough analysis of the market’s competitive landscape and detailed information on several vendors
  • Comprehensive details on the factors that will challenge the growth of electric top drive systems companies

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PART 01: EXECUTIVE SUMMARY

PART 02: SCOPE OF THE REPORT

PART 03: RESEARCH METHODOLOGY

PART 04: MARKET LANDSCAPE

  • Market ecosystem
  • Market characteristics
  • Market segmentation analysis

PART 05: MARKET SIZING

  • Market definition
  • Market sizing 2017
  • Market size and forecast 2017-2022

PART 06: FIVE FORCES ANALYSIS

  • Bargaining power of buyers
  • Bargaining power of suppliers
  • Threat of new entrants
  • Threat of substitutes
  • Threat of rivalry
  • Market condition

PART 07: MARKET SEGMENTATION BY APPLICATION

  • Segmentation by application
  • Comparison by application
  • Onshore – Market size and forecast 2017-2022
  • Offshore – Market size and forecast 2017-2022
  • Market opportunity by application

PART 08: CUSTOMER LANDSCAPE

PART 09: REGIONAL LANDSCAPE

  • Geographical segmentation
  • Regional comparison
  • Americas – Market size and forecast 2017-2022
  • EMEA – Market size and forecast 2017-2022
  • APAC – Market size and forecast 2017-2022
  • Key leading countries
  • Market opportunity

PART 10: DECISION FRAMEWORK

PART 11: DRIVERS AND CHALLENGES

  • Market drivers
  • Market challenges

PART 12: MARKET TRENDS

  • Upstream oil and gas companies resorting to alternative business strategies
  • New oil and gas discoveries
  • Rising investments in shale industry

PART 13: VENDOR LANDSCAPE

  • Overview
  • Landscape disruption
  • Competitive scenario

PART 14: VENDOR ANALYSIS

  • Vendors covered
  • Vendor classification
  • Market positioning of vendors
  • Akastor
  • Honghua America
  • KCA Deutag
  • Nabors Industries
  • National Oilwell Varco
  • Schlumberger

PART 15: APPENDIX

  • List of abbreviations

Research Framework

Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

TechnavioINFORMATION SOURCES

Primary sources

  • Manufacturers and suppliers
  • Channel partners
  • Industry experts
  • Strategic decision makers

Secondary sources

  • Industry journals and periodicals
  • Government data
  • Financial reports of key industry players
  • Historical data
  • Press releases
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TechnavioDATA ANALYSIS

Data Synthesis

  • Collation of data
  • Estimation of key figures
  • Analysis of derived insights

Data Validation

  • Triangulation with data models
  • Reference against proprietary databases
  • Corroboration with industry experts
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TechnavioREPORT WRITING

Qualitative

  • Market drivers
  • Market challenges
  • Market trends
  • Five forces analysis

Quantitative

  • Market size and forecast
  • Market segmentation
  • Geographical insights
  • Competitive landscape
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