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Global Robotic Drilling Market in Oil and Gas Industry 2018-2022

  • Published: Aug 2018
  • Pages: 98
  • SKU: IRTNTR23608
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The global robotic drilling market in oil and gas industry will grow by USD 271.66 million during 2018-2022. This industry research report provides a detailed analysis of the market based on product (hardware and software), application (onshore and offshore), and geography (the Americas, APAC, and EMEA). The report analyzes the market’s competitive landscape and offers information on several robotic drilling companies in oil and gas industry including Huisman Equipment, Nabors Industries, RIGID ROBOTICS, Siemens and Teradyne.

Below are some of the key findings from this robotic drilling market in oil and gas industry analysis report

Robotic Drilling Market in Oil and Gas Industry

 

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Global robotic drilling market in oil and gas industry overview

The growing consumption of oil and natural gas is driving the global robotic drilling market in oil and gas industry. The rise in global population, industrialization, and urbanization, increases the need for transportation and energy, driving the consumption of oil and natural gas. Moreover, the drop in crude oil price is one of the factors driving its consumption, which increases the demand for robotic drilling, hence driving the market expansion.

Also, the increasing investment in renewable energy is positively impacting the global robotic drilling market in the oil and gas industry. The investment in renewable energy is growing rapidly because of the depletion of fossil fuel reserves and rising focus on the environment. Robotic drilling performs drilling operation to obtain renewable resources, which can be converted into renewable energy, hence increasing its demand and driving its market. The growing consumption of oil and natural gas coupled with the rising investment in renewable energy is driving the robotic drilling market growth in oil and gas industry at a CAGR of close to 7% during the forecast period.

Top robotic drilling companies in oil and gas industry covered in this report

The global robotic drilling market in oil and gas industry is highly concentrated. By offering a complete analysis of the market’s competitive landscape and with information on the products offered by the companies, this robotic drilling market in oil and gas industry analysis report will aid clients to identify new growth opportunities and design new growth strategies.

The report offers a detailed analysis of several leading robotic drilling companies in oil and gas industry, including:

  • Huisman Equipment
  • Nabors Industries
  • RIGID ROBOTICS
  • Siemens
  • Teradyne

 Robotic drilling market in oil and gas industry segmentation based on application

  • Onshore
  • Offshore

Based on application, the onshore segment held the largest share of the global robotic drilling market in oil and gas industry in 2017. The market share of this segment will increase, and it will continue to dominate the market throughout the next five years.

Robotic drilling market in oil and gas industry segmentation based on region

  • The Americas
  • APAC
  • EMEA

The Americas accounted for the largest robotic drilling market share in oil and gas industry in 2017. This region will witness an increase in its market share and remain the market leader for the next five years.

Key highlights of the global robotic drilling market in oil and gas industry 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 robotic drilling market in oil and gas industry during the next five years
  • Precise estimation of the global robotic drilling market size in oil and gas industry and its contribution to the parent market
  • Accurate predictions on upcoming trends and changes in consumer behavior
  • The growth of the robotic drilling market in oil and gas 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 factors that will challenge the growth of robotic drilling companies in oil and gas industry

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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 PRODUCT

  • Hardware
  • Software

PART 08: 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 09: CUSTOMER LANDSCAPE

PART 10: 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 11: DECISION FRAMEWORK

PART 12: DRIVERS AND CHALLENGES

  • Market drivers
  • Market challenges
  • PART 13: MARKET TRENDS
  • Rising investments in renewable energy
  • New oil and gas discoveries
  • Increased exploration activities in Arctic

PART 14: VENDOR LANDSCAPE

  • Overview
  • Landscape disruption
  • Competitive scenario

PART 15: VENDOR ANALYSIS

  • Vendors covered
  • Vendor classification
  • Market positioning of vendors
  • Huisman Equipment
  • Nabors Industries
  • RIGID ROBOTICS
  • Siemens
  • Teradyne

PART 16: 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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