Report Detail
Global Robotic Drilling Market Size study, by Installation (Retrofit and new builds), Component (software and hardware), Application (Onshore and offshore) and Regional Forecasts 2019-2026
- RnM3544428 |
- 20 June, 2019 |
- Global |
- 200 Pages |
- Bizwit Research & Consulting LLP |
- Other
Global robotic drilling market is valued at approximately USD 672.45 million in 2018 and is anticipated to grow with growth rate of more than 9.21% over the forecast period 2019-2026. The advent of automation in different industries such as oil & gas has reduced which is considered as a major growth trend for the global robotic drilling market. Key drivers for the robotic drilling market are increasing drilling activities, growing adoption of robotics and automation in industries, growing investment on R&D of electric robots coupled with technological advancement in robotic drilling, thereby supplementing the adoption & growth robotic drilling in the market. Rising drilling activities worldwide is one of the key drivers augmenting the market growth globally. For instance, as per the India Brand Equity Foundation, ONGC (Oil and Natural Gas Corporation) invested approx. $2.73 billion on drilling oil and gas wells in 2018-19. Similarly, in Norway about 56 exploration wells were drilled in 2015 as compared to 51 exploration in 2010. Further, in 2016, Denmark government issued 16 exploration license and Norway awarded license to 13 companies to promote exploration drilling. Thus, growing drilling activities increases the demand for safety, higher efficiency and effectiveness, thereby contribute towards the adoption of automation and robotic drilling in market. Furthermore, collective exploration activities in arctic regions an ultra-Deepwater is expected to create lucrative growth prospects of the robotic drilling market across the globe. However, cyber security issues with the automated and rig control system interoperability act as a key restraint for the market during the forecast period.
On the basis of segmentation, the robotic drilling market is segmented into application, installation and component. On the basis of application segment, the market is sub-segmented into onshore and offshore of which onshore application holds the major share owing to its low capital investment, operable in dynamic and harsh environment as compared to offshore drilling. The component segment is classified into software and hardware. The installation segment is diversified into retrofit and new build. The retrofit segment is expected to dominate installation segment owing to growing need for improved safety and efficiency of the rigs.
The regional analysis of robotic drilling market is considered for the key regions such as North America, Europe, Asia Pacific, Latin America and ROW. North America holds the leading position in robotic drilling market due to increasing shale gas production and high adoption of advanced technologies in drilling activities. Whereas, Asia-Pacific is expected to emerge as the fastest growing region in terms of market share. Further, growing demand for crude oil in the region is significantly driving the adoption of robotic drilling technology thereby augmenting market growth in the region.
The leading market players mainly include-
National Oilwell Varco
Weatherford International
Nabors – Rds
Ensign Energy Services
Huisman
Drillmec
Precision Drilling
Sekal
Abraj Energy
Drillform Technical
Automated Rig Technologies
Rigarm
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:
By Application
Onshore
Offshore
By Installation
Retrofit
New Builds
By Component
Hardware
Software
Other End Users
By Regions:
North America
U.S.
Canada
Europe
UK
Germany
ROE
Asia Pacific
China
India
Japan
ROAPEC
LAMEA
Brazil
Mexico
ROW
Middle East & Africa
Furthermore, years considered for the study are as follows:
Historical year – 2016, 2017
Base year – 2018
Forecast period – 2019 to 2026
Target Audience of the Global Robotic drilling Market in Market Study:
Key Consulting Companies & Advisors
Large, medium-sized, and small enterprises
Venture capitalists
Value-Added Resellers (VARs)
Third-party knowledge providers
Investment bankers
Investors
TABLE OF CONTENTS
Chapter 1. Executive Summary
- 1.1. Market Snapshot
- 1.2. Key Trends
- 1.3. Global & Segmental Market Estimates & Forecasts, 2016-2026 (USD Million)
- 1.3.1. Robotic Drilling Market, by Component, 2016-2026 (USD Million)
- 1.3.2. Robotic Drilling Market, by Installation, 2016-2026 (USD Million)
- 1.3.3. Robotic Drilling Market, by Application, 2016-2026 (USD Million)
- 1.3.4. Robotic Drilling Market, by Region, 2016-2026 (USD Million)
- 1.4. Estimation Methodology
- 1.5. Research Assumption
Chapter 2. Robotic Drilling Market Definition and Scope
- 2.1. Objective of the Study
- 2.2. Market Definition & Scope
- 2.2.1. Industry Evolution
- 2.2.2. Scope of the Study
- 2.3. Years Considered for the Study
- 2.4. Currency Conversion Rates
Chapter 3. Robotic Drilling Market Dynamics
- 3.1. See Saw Analysis
- 3.1.1. Market Drivers
- 3.1.2. Market Challenges
- 3.1.3. Market Opportunities
Chapter 4. Robotic Drilling Market Industry Analysis
- 4.1. Porter’s 5 Force Model
- 4.1.1. Bargaining Power of Buyers
- 4.1.2. Bargaining Power of Suppliers
- 4.1.3. Threat of New Entrants
- 4.1.4. Threat of Substitutes
- 4.1.5. Competitive Rivalry
- 4.1.6. Futuristic Approach to Porter’s 5 Force Model
- 4.2. PEST Analysis
- 4.2.1. Political Scenario
- 4.2.2. Economic Scenario
- 4.2.3. Social Scenario
- 4.2.4. Technological Scenario
- 4.3. Key Buying Criteria
- 4.4. Regulatory Framework
- 4.5. Investment Vs Adoption Scenario
- 4.6. Analyst Recommendation & Conclusion
Chapter 5. Global Robotic Drilling Market, By Component
- 5.1. Market Snapshot
- 5.2. Market Performance - Potential Model
- 5.3. Global Robotic drilling Market, Sub Segment Analysis
- 5.3.1. Software
- 5.3.1.1. Market estimates & forecasts, 2015-2025 (USD Million)
- 5.3.1.2. Regional breakdown estimates & forecasts, 2015-2025 (USD Million)
- 5.3.2. Hardware
- 5.3.2.1. Market estimates & forecasts, 2015-2025 (USD Million)
- 5.3.2.2. Regional breakdown estimates & forecasts, 2015-2025 (USD Million)
Chapter 6. Global Robotic Drilling Market, By Installation
- 6.1. Market Snapshot
- 6.2. Market Performance - Potential Model
- 6.3. Global Robotic Drilling Market, Sub Segment Analysis
- 6.3.1. Retrofit
- 6.3.1.1. Market estimates & forecasts, 2015-2025 (USD Million)
- 6.3.1.2. Regional breakdown estimates & forecasts, 2015-2025 (USD Million)
- 6.3.2. New Builds
- 6.3.2.1. Market estimates & forecasts, 2015-2025 (USD Million)
- 6.3.2.2. Regional breakdown estimates & forecasts, 2015-2025 (USD Million)
Chapter 7. Global Robotic drilling Market, By Application
- 7.1. Market Snapshot
- 7.2. Market Performance - Potential Model
- 7.3. Global Robotic drilling Market, Sub Segment Analysis
- 7.3.1. Onshore
- 7.3.1.1. Market estimates & forecasts, 2015-2025 (USD Million)
- 7.3.1.2. Regional breakdown estimates & forecasts, 2015-2025 (USD Million)
- 7.3.2. Offshore
- 7.3.2.1. Market estimates & forecasts, 2015-2025 (USD Million)
- 7.3.2.2. Regional breakdown estimates & forecasts, 2015-2025 (USD Million)
Chapter 8. Robotic Drilling Market, by Regional Analysis
- 8.1. Robotic Drilling Market, Regional Market Snapshot (2016-2026)
- 8.2. North America Robotic Drilling Market Snapshot
- 8.2.1. U.S.
- 8.2.1.1. Market estimates & forecasts, 2016-2026 (USD Million)
- 8.2.1.2. Component breakdown estimates & forecasts, 2016-2026 (USD Million)
- 8.2.1.3. Installation breakdown estimates & forecasts, 2016-2026 (USD Million)
- 8.2.1.4. Application breakdown estimates & forecasts, 2016-2026 (USD Million)
- 8.2.2. Canada
- 8.2.2.1. Market estimates & forecasts, 2016-2026 (USD Million)
- 8.2.2.2. Component breakdown estimates & forecasts, 2016-2026 (USD Million)
- 8.2.2.3. Installation breakdown estimates & forecasts, 2016-2026 (USD Million)
- 8.2.2.4. Application breakdown estimates & forecasts, 2016-2026 (USD Million)
- 8.2.1. U.S.
- 8.3. Europe Robotic Drilling Market Snapshot
- 8.3.1. U.K.
- 8.3.1.1. Market estimates & forecasts, 2016-2026 (USD Million)
- 8.3.1.2. Component breakdown estimates & forecasts, 2016-2026 (USD Million)
- 8.3.1.3. Installation breakdown estimates & forecasts, 2016-2026 (USD Million)
- 8.3.1.4. Application breakdown estimates & forecasts, 2016-2026 (USD Million)
- 8.3.2. Germany
- 8.3.2.1. Market estimates & forecasts, 2016-2026 (USD Million)
- 8.3.2.2. Component breakdown estimates & forecasts, 2016-2026 (USD Million)
- 8.3.2.3. Installation breakdown estimates & forecasts, 2016-2026 (USD Million)
- 8.3.2.4. Application breakdown estimates & forecasts, 2016-2026 (USD Million)
- 8.3.3. Rest of Europe
- 8.3.3.1. Market estimates & forecasts, 2016-2026 (USD Million)
- 8.3.3.2. Component breakdown estimates & forecasts, 2016-2026 (USD Million)
- 8.3.3.3. Installation breakdown estimates & forecasts, 2016-2026 (USD Million)
- 8.3.3.4. Application breakdown estimates & forecasts, 2016-2026 (USD Million)
- 8.3.1. U.K.
- 8.4. Asia Robotic Drilling Market Snapshot
- 8.4.1. China
- 8.4.1.1. Market estimates & forecasts, 2016-2026 (USD Million)
- 8.4.1.2. Component breakdown estimates & forecasts, 2016-2026 (USD Million)
- 8.4.1.3. Installation breakdown estimates & forecasts, 2016-2026 (USD Million)
- 8.4.1.4. Application breakdown estimates & forecasts, 2016-2026 (USD Million)
- 8.4.2. India
- 8.4.2.1. Market estimates & forecasts, 2016-2026 (USD Million)
- 8.4.2.2. Component breakdown estimates & forecasts, 2016-2026 (USD Million)
- 8.4.2.3. Installation breakdown estimates & forecasts, 2016-2026 (USD Million)
- 8.4.2.4. Application breakdown estimates & forecasts, 2016-2026 (USD Million)
- 8.4.3. Japan
- 8.4.3.1. Market estimates & forecasts, 2016-2026 (USD Million)
- 8.4.3.2. Component breakdown estimates & forecasts, 2016-2026 (USD Million)
- 8.4.3.3. Installation breakdown estimates & forecasts, 2016-2026 (USD Million)
- 8.4.3.4. Application breakdown estimates & forecasts, 2016-2026 (USD Million)
- 8.4.4. Rest of Asia Pacific
- 8.4.4.1. Market estimates & forecasts, 2016-2026 (USD Million)
- 8.4.4.2. Component breakdown estimates & forecasts, 2016-2026 (USD Million)
- 8.4.4.3. Installation breakdown estimates & forecasts, 2016-2026 (USD Million)
- 8.4.4.4. Application breakdown estimates & forecasts, 2016-2026 (USD Million)
- 8.4.1. China
- 8.5. Latin America Robotic Drilling Market Snapshot
- 8.5.1. Brazil
- 8.5.1.1. Market estimates & forecasts, 2016-2026 (USD Million)
- 8.5.1.2. Component breakdown estimates & forecasts, 2016-2026 (USD Million)
- 8.5.1.3. Installation breakdown estimates & forecasts, 2016-2026 (USD Million)
- 8.5.1.4. Application breakdown estimates & forecasts, 2016-2026 (USD Million)
- 8.5.2. Mexico
- 8.5.2.1. Market estimates & forecasts, 2016-2026 (USD Million)
- 8.5.2.2. Component breakdown estimates & forecasts, 2016-2026 (USD Million)
- 8.5.2.3. Installation breakdown estimates & forecasts, 2016-2026 (USD Million)
- 8.5.2.4. Application breakdown estimates & forecasts, 2016-2026 (USD Million)
- 8.5.1. Brazil
- 8.6. Rest of The World
- 8.6.1. South America
- 8.6.1.1. Market estimates & forecasts, 2016-2026 (USD Million)
- 8.6.1.2. Component breakdown estimates & forecasts, 2016-2026 (USD Million)
- 8.6.1.3. Installation breakdown estimates & forecasts, 2016-2026 (USD Million)
- 8.6.1.4. Application breakdown estimates & forecasts, 2016-2026 (USD Million)
- 8.6.2. Middle East and Africa
- 8.6.2.1. Market estimates & forecasts, 2016-2026 (USD Million)
- 8.6.2.2. Component breakdown estimates & forecasts, 2016-2026 (USD Million)
- 8.6.2.3. Installation breakdown estimates & forecasts, 2016-2026 (USD Million)
- 8.6.2.4. Application breakdown estimates & forecasts, 2016-2026 (USD Million)
Chapter 9. Competitive Intelligence
- 9.1. Company Market Share (Subject to Data Availability)
- 9.2. Top Market Strategies
- 9.3. Company Profiles
- 9.3.1. Company Profiles
- 9.3.2. National Oilwell Varco
- 9.3.3. Overview
- 9.3.4. Financial (Subject to Data Availability)
- 9.3.5. Product Summary
- 9.3.6. Recent Developments
- 9.3.7. Weatherford International
- 9.3.8. Nabors – Rds
- 9.3.9. Ensign Energy Services
- 9.3.10. Huisman
- 9.3.11. Drillmec
- 9.3.12. Precision Drilling
- 9.3.13. Sekal
- 9.3.14. Abraj Energy
- 9.3.15. Drillform Technical
- 9.3.16. Automated Rig Technologies
- 9.3.17. Rigarm
Chapter 10. Research Process
- 10.1. Research Process
- 10.1.1. Data Mining
- 10.1.2. Analysis
- 10.1.3. Market Estimation
- 10.1.4. Validation
- 10.1.5. Publishing
- 8.6.1. South America
- 7.3.1. Onshore
- 6.3.1. Retrofit
- 5.3.1. Software
Summary:
Get latest Market Research Reports on Robotic Drilling . Industry analysis & Market Report on Robotic Drilling is a syndicated market report, published as Global Robotic Drilling Market Size study, by Installation (Retrofit and new builds), Component (software and hardware), Application (Onshore and offshore) and Regional Forecasts 2019-2026
. It is complete Research Study and Industry Analysis of Robotic Drilling market, to understand, Market Demand, Growth, trends analysis and Factor Influencing market.
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