Market Overview

The Global Robotic Drilling Market to 2026: Analysis by Installation, Component, Application and Geography - ResearchAndMarkets.com

Share:

The "Robotic
Drilling - Global Market Outlook (2017-2026)"
report has been
added to ResearchAndMarkets.com's offering.

According to the report, the Global Robotic Drilling market accounted
for $612.3 million in 2017 and is expected to reach $1,341.8 million by
2026 growing at a CAGR of 9.1%.

Raised adoption of automation in oil & gas industry and enhanced
operational efficiency and less human intervention are some of the
factors boosting the market growth. However, the lack of
interoperability of rig control systems is restraining the market growth.

Based on application, onshore segment is expected to witness huge growth
rate due to the oil and gas production takes place at onshore oil and
gas fields. These fields need less capital investment in contrast with
offshore fields and the costs related to automation in these fields are
relatively low.

By installation, retrofit segment is attributed the large market share
due to the rising need to improve safety and efficiency of the existing
rigs, coupled with the improved focus on low human intervention during
drilling.

By geography, North America is likely to be the largest and
fastest-growing market during the forecast period owing to the raised
shale gas production and quicker adoption of advanced technologies in
drilling drive the market growth in the region.

Key Topics Covered

1 Executive Summary

2 Preface

3 Market Trend Analysis

4 Porters Five Force Analysis

5 Global Robotic Drilling Market, By Installation

6 Global Robotic Drilling Market, By Component

7 Global Robotic Drilling Market, By Application

8 Global Robotic Drilling Market, By Geography

9 Key Developments

10 Company Profiling

  • Precision Drilling
  • Automated Rig Technologies
  • National Oilwell Varco
  • Drillmec
  • Drillform Technical
  • Sekal
  • Abraj Energy
  • Rigarm
  • Huisman
  • Ensign Energy Services
  • Weatherford International

For more information about this report visit https://www.researchandmarkets.com/research/6vfgbf/the_global?w=4

View Comments and Join the Discussion!