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Global Robots Market in Oil and Gas Drilling Operations 2017-2021

Global Robots Market in Oil and Gas Drilling Operations 2017-2021

About Robots in Oil and Gas Drilling Operations

The market deals with advanced automated machines and robotic units that carry out drilling of oil fields and connect drill pipes located under the surface, thereby assisting industrial workers in onshore and offshore operations. These advanced automated machines and robotic units are also called fully automated drilling rigs and robotic drilling systems. The global robots market in oil and gas drilling operations include offshore and onshore applications.Technavio’s analysts forecast the global robots market in oil and gas drilling operations to grow at a CAGR of 4.68% during the period 2017-2021.

Covered in this report

The report covers the present scenario and the growth prospects of the global robots market in oil and gas drilling operations for 2017-2021. To calculate the market size, the report considers installations, retrofit, replacement, spares, aftermarket, and services market.The market is divided into the following segments based on geography:

  • Americas
  • APAC
  • EMEA
Technavio's report, Global Robots Market in Oil and Gas Drilling Operations 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

Key vendors
  • Drillmec
  • Ensign
  • Nabors
  • Schramm
Other prominent vendors
  • Baker Hughes
  • Robotic Drilling Systems
  • DMC
  • Kuwait Drilling Company
  • Rockwell Automation
  • Voith (Part of Triton)
Market driver
  • Lower operational cost
  • For a full, detailed list, view our report
Market challenge
  • High implementation cost
  • For a full, detailed list, view our report
Market trend
  • Fully automated drilling rigs
  • For a full, detailed list, view our report
Key questions answered in this report
  • What will the market size be in 2020 and what will the growth rate be?
  • What are the key market trends?
  • What is driving this market?
  • What are the challenges to market growth?
  • Who are the key vendors in this market space?
  • What are the market opportunities and threats faced by the key vendors?
  • What are the strengths and weaknesses of the key vendors?


Press Releases

Technavio Announces the Publication of its Research Report – Global Robots Market in Oil and Gas Drilling Operations 2017-2021

Technavio recognizes the following companies as the key players in the global robots market in oil and gas drilling operations: Drillmec, Ensign, Nabors, and Schramm.

Other Prominent Vendors in the market are: Baker Hughes, Robotic Drilling Systems, DMC, Kuwait Drilling Company, Rockwell Automation, and Voith (Part of Triton).

Commenting on the report, an analyst from Technavio’s team said: “One trend in the market is fully automated drilling rigs. The oil and gas industry involves hazardous applications, which utilizes surface tools for ground drilling operations. Technological innovations implemented in the oil and gas industry makes the extraction of fossil fuels and natural gas possible, which were otherwise not accessible by manually operated machines. This industry has incorporated various automated machines which are used for different applications.”

According to the report, one driver in the market is lower operational cost. The implementation of robots in industries has drastically reduced operational costs. Robotic machines reduce operation cycle time, minimize process time, and improve quality. These machines are equipped with motors, sensors, and controllers that allow operators to precisely proceed with drilling operations until the desired results are achieved. Since these machines are robotic and fully automated, they operate autonomously depending on the pre-set programming and allow industries to carry out labor-intensive drilling operations without posing any risk to human life.

Further, the report states that one challenge in the market is high implementation cost. The implementation of automated drilling rigs involves heavy investments when compared with manual labor and traditional machines. These automated rigs are technologically advanced and can reduce the operational cost. However, it has been witnessed that the oil and gas industry is stringent in terms of investing in advanced technologies. The oil and gas industry witnessed a downfall in 2014, which affected investments in technology by countries which are major exporters of oil.

Companies Mentioned

Drillmec, Ensign, Nabors, Schramm, Baker Hughes, Robotic Drilling Systems, DMC, Kuwait Drilling Company, Rockwell Automation, and Voith (Part of Triton).

  • Executive summary
  • Scope of the report
  • Research Methodology
  • Introduction
    • Market outline
      • Table Approach of oil and gas industry to overcome downfall
  • Market landscape
    • Market overview
      • Table Global robots market in oil and gas drilling operations
      • Table Supply chain analysis of global robots market in oil and gas drilling operations
    • Global robots market in oil and gas drilling operations
      • Table Global robots market in oil and gas drilling operations 2016-2021 ($ millions)
    • Five forces analysis
      • Table Five forces analysis
  • Market segmentation by application
    • Market overview
      • Table Global robots market in oil and gas drilling operations by application 2016 and 2021 (% revenue)
    • Global robots market in oil and gas offshore drilling operations
      • Table Global robots market in oil and gas offshore drilling operations 2016-2021 ($ millions)
    • Global robots market in oil and gas onshore drilling operations
      • Table Global robots market in oil and gas onshore drilling operations 2016-2021 ($ millions)
  • Market segmentation by solution
    • Market overview
      • Table Global robots market in oil and gas drilling operations by solution 2016-2021 (% revenue)
    • Global robots market in oil and gas drilling operations by hardware
      • Table Global robots market in oil and gas drilling operations by hardware 2016-2021 ($ millions)
    • Global robots market in oil and gas drilling operations by software
      • Table Global robots market in oil and gas drilling operations by software 2016-2021 ($ millions)
      • Table Developments in software solutions (2016-2021)
    • Global robots market in oil and gas drilling operations by services
      • Table Global robots market in oil and gas drilling operations by services 2016-2021 ($ millions)
  • Geographical segmentation
    • Market overview
      • Table Global robots market in oil and gas drilling operations by geography 2016-2021 (% revenue)
    • Robots market in oil and gas drilling operations in EMEA
      • Table Robots market in oil and gas drilling operations in EMEA 2016-2021 ($ millions)
    • Robots market in oil and gas drilling operations in Americas
      • Table Robots market in oil and gas drilling operations in Americas 2016-2021 ($ millions)
    • Robots market in oil and gas drilling operations in APAC
      • Table Robots market in oil and gas drilling operations in APAC 2016-2021 ($ millions)
  • Decision framework
  • Drivers and challenges
    • Market drivers
    • Market challenges
  • Market trends
  • Vendor landscape
    • Competition overview
      • Table Impact of competitors on global robots market in oil and gas drilling operations 2016 and 2021
    • Other prominent vendors
      • Table Other prominent vendors
  • Key vendor analysis
    • Drillmec
      • Table Products offered
      • Table Automated products
      • Table Recent developments
    • Ensign
      • Table Products offered
      • Table Recent developments
    • Nabors
      • Table Technologies used by Nabors
      • Table Products offered
      • Table Recent developments
    • Schramm
      • Table Technology and innovation offered by Schramm
      • Table Products offered
      • Table Recent developments
  • Appendix
    • List of abbreviations
  • Explore Technavio

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