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Below are some of the key findings from the electric top drive systems market research report
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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.
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:
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.
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.
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PART 01: EXECUTIVE SUMMARY
PART 02: SCOPE OF THE REPORT
PART 03: RESEARCH METHODOLOGY
PART 04: MARKET LANDSCAPE
PART 05: MARKET SIZING
PART 06: FIVE FORCES ANALYSIS
PART 07: MARKET SEGMENTATION BY APPLICATION
PART 08: CUSTOMER LANDSCAPE
PART 09: REGIONAL LANDSCAPE
PART 10: DECISION FRAMEWORK
PART 11: DRIVERS AND CHALLENGES
PART 12: MARKET TRENDS
PART 13: VENDOR LANDSCAPE
PART 14: VENDOR ANALYSIS
PART 15: APPENDIX
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