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Global Offshore Drilling Market 2024-2028

Publisher TechNavio
Published Mar 04, 2024
Length 175 Pages
SKU # INF18623258

Description

Global Offshore Drilling Market 2024-2028


The offshore drilling market is forecasted to grow by USD 8.18 bn during 2023-2028, accelerating at a CAGR of 4.42% during the forecast period. The report on the offshore drilling market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.

The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by growth in demand for oil and natural gas, rise in deepwater and ultra-deepwater e and p activities, and rise in unconventional oil and gas resources.

Technavio's offshore drilling market is segmented as below:

By Application
  • Shallow water
  • Deepwater
  • Ultra deepwater
By Type
  • Jack up rigs
  • Semisubmersibles
  • Drill ships
  • Others
By Geographical Landscape
  • North America
  • Middle East and Africa
  • Europe
  • APAC
  • South America
This study identifies the declining costs of offshore projects as one of the prime reasons driving the offshore drilling market growth during the next few years. Also, the emergence of next-generation automated drilling rigs and increasing demand for offshore gas will lead to sizable demand in the market.

The report on the offshore drilling market covers the following areas:
  • Offshore drilling market sizing
  • Offshore drilling market forecast
  • Offshore drilling market industry analysis
The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading offshore drilling market vendors that include AP Moller Maersk AS, Archer Ltd., Baker Hughes Co., China National Offshore Oil Corp., Eni SpA, Halliburton Co., Hercules Offshore Inc., KCA Deutag Alpha Ltd., Loews Corp., Nabors Industries Ltd., Noble Corp. Plc, Pacific Drilling Co., Parker Drilling Co., Saudi Arabian Oil Co., Schlumberger Ltd., Seadrill Ltd., Sembcorp Marine Ltd., Transocean Ltd., Valaris Ltd., and Weatherford International Plc. Also, the offshore drilling market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.

The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast the accurate market growth.

Table of Contents

175 Pages
    • Market overview
    • Market ecosystem
    • Market definition
    • Market segment analysis
    • Market size 2023
    • Market outlook: Forecast for 2023-2028
    • Global offshore drilling market 2018 - 2022
    • Application Segment Analysis 2018 - 2022
    • Type Segment Analysis 2018 - 2022
    • Geography Segment Analysis 2018 - 2022
    • Country Segment Analysis 2018 - 2022
    • Five forces summary
    • Bargaining power of buyers
    • Bargaining power of suppliers
    • Threat of new entrants
    • Threat of substitutes
    • Threat of rivalry
    • Market condition
    • Market segments
    • Comparison by Application
    • Shallow water - Market size and forecast 2023-2028
    • Deepwater - Market size and forecast 2023-2028
    • Ultra deepwater - Market size and forecast 2023-2028
    • Market opportunity by Application
    • Market segments
    • Comparison by Type
    • Jack up rigs - Market size and forecast 2023-2028
    • Semisubmersibles - Market size and forecast 2023-2028
    • Drill ships - Market size and forecast 2023-2028
    • Others - Market size and forecast 2023-2028
    • Market opportunity by Type
    • Customer landscape overview
    • Geographic segmentation
    • Geographic comparison
    • North America - Market size and forecast 2023-2028
    • Middle East and Africa - Market size and forecast 2023-2028
    • Europe - Market size and forecast 2023-2028
    • APAC - Market size and forecast 2023-2028
    • South America - Market size and forecast 2023-2028
    • US - Market size and forecast 2023-2028
    • Saudi Arabia - Market size and forecast 2023-2028
    • Russia - Market size and forecast 2023-2028
    • China - Market size and forecast 2023-2028
    • United Arab Emirates - Market size and forecast 2023-2028
    • Market opportunity by geography
    • Market drivers
    • Market challenges
    • Impact of drivers and challenges
    • Market trends
    • Overview
    • Vendor landscape
    • Landscape disruption
    • Industry risks
    • Vendors covered
    • Market positioning of vendors
    • Archer Ltd.
    • Baker Hughes Co.
    • China National Offshore Oil Corp.
    • Eni SpA
    • Halliburton Co.
    • Hercules Offshore Inc.
    • Nabors Industries Ltd.
    • Noble Corp. Plc
    • Pacific Drilling Co.
    • Parker Drilling Co.
    • Saudi Arabian Oil Co.
    • Seadrill Ltd.
    • Transocean Ltd.
    • Valaris Ltd.
    • Weatherford International Plc
    • Scope of the report
    • Inclusions and exclusions checklist
    • Currency conversion rates for US$
    • Research methodology
    • List of abbreviations

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