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The market for robotic drilling is predicted to grow at a respectable CAGR of 9.2% from 2023 to 2030. Automation in the oil and gas industry is anticipated to become a major force in the growth of the robotic drilling market.
The market is thoroughly analysed in the study on the worldwide robotic drilling industry, which also includes a prediction for the years 2022 to 2030. The research evaluates the market's situation by looking at historical data as well as current market developments. The research also elaborates on the major drivers, opportunities, restrictions, and other crucial elements. To give readers a thorough understanding of the market as a whole, many market segments have been thoroughly examined. The market has been segmented based on installation type, component, application, and regional factors. To give a competitive assessment of the market, a number of significant competitors are included and profiled. Sekal, Odfjell Drilling, Ensign Energy Services, Huisman Equipments, Nabors-Rds, Automated Rig Technologies, Drillmec, Weatherford International, National Oilwell Varco, and Rigarm are just a few of the well-known market companies whose profiles are included in the research.
Robotic drilling has made a name for itself as a cutting-edge robotic technology with important uses in unmanned drilling operations. Drilling robot controls help to provide safe, seamless operations between drilling machines while also minimising the possibility of human error.
Due to increasing populations and urbanisation, demand for oil and gas has been rising quickly in a world that is primarily dependent on fossil fuels. Drilling activity have increased as a result of this. The overall number of persons involved in risky drilling activities is decreased by the use of robotic drilling devices. Robotic drilling is becoming popular because remote control drilling improves time efficiency, promotes safety during drilling operations, and decreases human mistake. Notably, safety laws are tightening, which has led to a rise in the use of robotic drilling on offshore rigs because to the growing demand for safety. Furthermore, since deep-water drilling is extremely risky and expensive for manned operations, deep-water exploration has boosted the demand for robotic drilling. Currently, the market's expansion is constrained by the incompatibility of rig control systems. In the upcoming years, technical developments are anticipated to assist reduce this to some extent.
Report Coverage
Global Robotic Drilling research report categorizes the market for global based on various segments and regions, forecasts revenue growth, and analyzes trends in each submarket. Global Robotic Drilling report analyses the key growth drivers, opportunities, and challenges influencing the global market. Recent market developments and Robotic Drilling competitive strategies such as expansion, product launch and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key Robotic Drilling market players and analyses their core competencies in each global market sub-segments.
Key Points Covered in the Report
Competitive Environment:
The research provides an accurate study of the major organisations and companies operating in the global Robotic Drilling market, along with a comparative evaluation based on their product portfolios, corporate summaries, geographic reach, business plans, Robotic Drilling market shares in specific segments, and SWOT analyses. A detailed analysis of the firms' recent news and developments, such as product development, inventions, joint ventures, partnerships, mergers and acquisitions, strategic alliances, and other activities, is also included in the study. This makes it possible to assess the level of market competition as a whole.
List of Major Market Participants
Sekal, Odfjell Drilling, Ensign Energy Services, Huisman Equipments, Nabors – Rds, Automated Rig Technologies, Drillmec, Weatherford International, National Oilwell Varco, and Rigarm
Primary Target Market
Market Segment:
This study forecasts global, regional, and country revenue from 2019 to 2030. INFINITIVE DATA EXPERT has segmented the global Robotic Drilling market based on the below-mentioned segments:
Global Robotic Drilling Market, By Type
Retrofit
New Builds
Global Robotic Drilling market, By Application
Onshore
Offshore
Global Robotic Drilling Market, By Component
Hardware
Software
Global Robotic Drilling market, Regional Analysis
The market is thoroughly analysed in the study on the worldwide robotic drilling industry, which also includes a prediction for the years 2022 to 2030. The research evaluates the market's situation by looking at historical data as well as current market developments. The research also elaborates on the major drivers, opportunities, restrictions, and other crucial elements. To give readers a thorough understanding of the market as a whole, many market segments have been thoroughly examined. The market has been segmented based on installation type, component, application, and regional factors. To give a competitive assessment of the market, a number of significant competitors are included and profiled. Sekal, Odfjell Drilling, Ensign Energy Services, Huisman Equipments, Nabors-Rds, Automated Rig Technologies, Drillmec, Weatherford International, National Oilwell Varco, and Rigarm are just a few of the well-known market companies whose profiles are included in the research.
Robotic drilling has made a name for itself as a cutting-edge robotic technology with important uses in unmanned drilling operations. Drilling robot controls help to provide safe, seamless operations between drilling machines while also minimising the possibility of human error.
Due to increasing populations and urbanisation, demand for oil and gas has been rising quickly in a world that is primarily dependent on fossil fuels. Drilling activity have increased as a result of this. The overall number of persons involved in risky drilling activities is decreased by the use of robotic drilling devices. Robotic drilling is becoming popular because remote control drilling improves time efficiency, promotes safety during drilling operations, and decreases human mistake. Notably, safety laws are tightening, which has led to a rise in the use of robotic drilling on offshore rigs because to the growing demand for safety. Furthermore, since deep-water drilling is extremely risky and expensive for manned operations, deep-water exploration has boosted the demand for robotic drilling. Currently, the market's expansion is constrained by the incompatibility of rig control systems. In the upcoming years, technical developments are anticipated to assist reduce this to some extent.
Report Coverage
Global Robotic Drilling research report categorizes the market for global based on various segments and regions, forecasts revenue growth, and analyzes trends in each submarket. Global Robotic Drilling report analyses the key growth drivers, opportunities, and challenges influencing the global market. Recent market developments and Robotic Drilling competitive strategies such as expansion, product launch and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key Robotic Drilling market players and analyses their core competencies in each global market sub-segments.
| REPORT ATTRIBUTES | DETAILS |
|---|---|
| Study Period | 2017-2030 |
| Base Year | 2022 |
| Forecast Period | 2022-2030 |
| Historical Period | 2017-2021 |
| Unit | Value (USD Billion) |
| Key Companies Profiled | Sekal, Odfjell Drilling, Ensign Energy Services, Huisman Equipments, Nabors – Rds, Automated Rig Technologies, Drillmec, Weatherford International, National Oilwell Varco, and Rigarm |
| Segments Covered | • By Product |
| Customization Scope | Free report customization (equivalent to up to 3 analyst working days) with purchase. Addition or alteration to country, regional & segment scope |
Key Points Covered in the Report
- Market Revenue of Robotic Drilling Market from 2021 to 2030.
- Market Forecast for Robotic Drilling Market from 2021 to 2030.
- Regional Market Share and Revenue from 2021 to 2030.
- Country Market share within region from 2021 to 2030.
- Key Type and Application Revenue and forecast.
- Company Market Share Analysis, Robotic Drilling competitive scenario, ranking, and detailed company
profiles. - Market driver, restraints, and detailed COVID-19 impact on Robotic Drilling
Market
Competitive Environment:
The research provides an accurate study of the major organisations and companies operating in the global Robotic Drilling market, along with a comparative evaluation based on their product portfolios, corporate summaries, geographic reach, business plans, Robotic Drilling market shares in specific segments, and SWOT analyses. A detailed analysis of the firms' recent news and developments, such as product development, inventions, joint ventures, partnerships, mergers and acquisitions, strategic alliances, and other activities, is also included in the study. This makes it possible to assess the level of market competition as a whole.
List of Major Market Participants
Sekal, Odfjell Drilling, Ensign Energy Services, Huisman Equipments, Nabors – Rds, Automated Rig Technologies, Drillmec, Weatherford International, National Oilwell Varco, and Rigarm
Primary Target Market
- Market Players of Robotic Drilling
- Investors
- End-users
- Government Authorities
- Consulting And Research Firm
- Venture capitalists
- Third-party knowledge providers
- Value-Added Resellers (VARs)
Market Segment:
This study forecasts global, regional, and country revenue from 2019 to 2030. INFINITIVE DATA EXPERT has segmented the global Robotic Drilling market based on the below-mentioned segments:
Global Robotic Drilling Market, By Type
Retrofit
New Builds
Global Robotic Drilling market, By Application
Onshore
Offshore
Global Robotic Drilling Market, By Component
Hardware
Software
Global Robotic Drilling market, Regional Analysis
- Europe: Germany, Uk, France, Italy, Spain, Russia, Rest of Europe
- The Asia Pacific: China,Japan,India,South Korea,Australia,Rest of Asia Pacific
- South America: Brazil, Argentina, Rest of South America
- Middle East & Africa: UAE, Saudi Arabia, Qatar, South Africa, Rest of Middle East & Africa
About This Research
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Through INFINITIVE Data Expert is a professional Market Research services, I will identify the robotic drilling market market size, demand & opportunities, growth rate, and target audience with a comprehensive analysis of your competitors.