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Mobile Offshore Drilling Unit (MODU) Market by Type and Geography - Global Forecast and Analysis 2019-2023

Mobile Offshore Drilling Unit (MODU) Market by Type and Geography - Global Forecast and Analysis 2019-2023

Global Mobile Offshore Drilling Unit (MODU) Market: About this market

Mobile offshore drilling units (MODUs) are structures or vessels that are used in offshore drilling operations for the exploration and production of subsea oil and gas resources. Technavio’s mobile offshore drilling unit (MODU) market analysis considers sales from drillship, jack-up, and semi-submersible. Our analysis also considers the sales of mobile offshore drilling unit (MODU) in APAC, Europe, North America, South America, and MEA. In 2018, the drillship segment had a significant market share, and this trend is expected to continue over the forecast period. Factors such as high mobility and transit speed will play a significant role in the drillship segment to maintain its market position. Also, our global mobile offshore drilling unit (MODU)market report looks at factors such as advantages of MODUs over other offshore drilling units, rising global oil and gas demand, and growing offshore E&P activities. However, uncertainties in the volatility of crude oil prices, adoption of alternative energy sources, and environmental concerns associated with offshore E&P activities may hamper the growth of the mobile offshore drilling unit (MODU)industry over the forecast period.

Global Mobile Offshore Drilling Unit (MODU) Market: Overview

Rising global oil and gas demand

The demand for oil and gas is increasing due to rising consumption of energy. The rapid urbanization of the developing countries is increasing the need for energy such as liquid fuels and natural gas. To cater to the high demand for energy, oil and gas companies will increase their E&P operations. As offshore oil and gas wells have a longer production period than onshore oil and gas wells, offshore drilling activities have significantly increased. This will lead to the expansion of the global mobile offshore drilling unit (MODU)market at a CAGR of almost 9% during the forecast period.

Technical advances in MODUs

With oil and gas E&P operations moving into further remote locations and deeper waters, manufacturers are improving the technologies in MODU to cater to the drilling challenges, regulations, and oil and gas project economics. The recent focus of the oil and gas industry is automation, which improves the safety of workers and the efficacy of oil and gas drilling. Improvements in equipment will not only boost oilfield production but also increase the adoption of MODUs for offshore drilling. This development is expected to have a positive impact on the overall market growth.

For the detailed list of factors that will drive the global mobile offshore drilling unit (MODU)market during the forecast period 2019-2023, click here.

Competitive Landscape

With the presence of several major players, the global mobile offshore drilling unit (MODU)market is fragmented. Technavio’s 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 mobile offshore drilling unit (MODU)manufacturers, that include Diamond Offshore Drilling Inc., Nabors Industries Ltd., Noble Corp. Plc, Samsung Heavy Industries Co. Ltd., Transocean Ltd.

Also, the mobile offshore drilling unit (MODU) market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage on all forthcoming growth opportunities.


  • Executive summary
  • Scope of the report
    • Preface
      • Table Product overview
    • Currency conversion rates for US$
  • Market landscape
    • Market ecosystem
      • Table Global oilfield equipment and services market
      • Table Segments of global oilfield equipment and services market
    • Market characteristics
      • Table Market characteristics
    • Market segmentation analysis
      • Table Market segments
  • Market sizing
    • Market definition
      • Table Market definition - Inclusions and exclusions checklist
    • Market sizing 2018
      • Table Market size 2018
    • Market size and forecast 2018-2023
      • Table Global market: Size and forecast 2018-2023 ($ millions)
      • Table Global market: Year-over-year growth 2019-2023 (%)
  • Five forces analysis
    • Table Five forces analysis 2018
    • Table Five forces analysis 2023
    • Bargaining power of buyers
      • Table Bargaining power of buyers
    • Bargaining power of suppliers
      • Table Bargaining power of suppliers
    • Threat of new entrants
      • Table Threat of new entrants
    • Threat of substitutes
      • Table Threat of substitutes
    • Threat of rivalry
      • Table Threat of rivalry
    • Market condition
      • Table Market condition - Five forces 2018
  • Market segmentation by type
    • Table Type - Market share 2018-2023 (%)
    • Comparison by type
      • Table Comparison by type
    • Drillship - Market size and forecast 2018-2023
      • Table Drillship - Market size and forecast 2018-2023 ($ millions)
      • Table Drillship - Year-over-year growth 2019-2023 (%)
    • Jack-up - Market size and forecast 2018-2023
      • Table Jack-up - Market size and forecast 2018-2023 ($ millions)
      • Table Jack-up - Year-over-year growth 2019-2023 (%)
    • Semi-submersible - Market size and forecast 2018-2023
      • Table Semi-submersible - Market size and forecast 2018-2023 ($ millions)
      • Table Semi-submersible - Year-over-year growth 2019-2023 (%)
    • Market opportunity by type
      • Table Market opportunity by type
  • Customer landscape
    • Table Customer landscape
  • Geographic landscape
    • Geographic segmentation
      • Table Market share by geography 2018-2023 (%)
    • Geographic comparison
      • Table Geographic comparison
    • MEA - Market size and forecast 2018-2023
      • Table MEA - Market size and forecast 2018-2023 ($ millions)
      • Table MEA - Year-over-year growth 2019-2023 (%)
    • South America - Market size and forecast 2018-2023
      • Table South America - Market size and forecast 2018-2023 ($ millions)
      • Table South America - Year-over-year growth 2019-2023 (%)
    • APAC - Market size and forecast 2018-2023
      • Table APAC - Market size and forecast 2018-2023 ($ millions)
      • Table APAC - Year-over-year growth 2019-2023 (%)
    • North America - Market size and forecast 2018-2023
      • Table North America - Market size and forecast 2018-2023 ($ millions)
      • Table North America - Year-over-year growth 2019-2023 (%)
    • Europe - Market size and forecast 2018-2023
      • Table Europe - Market size and forecast 2018-2023 ($ millions)
      • Table Europe - Year-over-year growth 2019-2023 (%)
    • Key leading countries
      • Table Key leading countries
    • Market opportunity
      • Table Market opportunity
  • Decision framework
  • Drivers and challenges
    • Market drivers
    • Market challenges
      • Table Impact of drivers and challenges
  • Market trends
    • Technical advances in MODUs
    • Declining costs of offshore projects
    • Increasing efficiency of oil and gas E&P activities using Big Data analytics
  • Vendor landscape
    • Overview
      • Table Vendor landscape
    • Landscape disruption
      • Table Landscape disruption
    • Competitive scenario
  • Vendor analysis
    • Vendors covered
      • Table Vendors covered
    • Vendor classification
      • Table Vendor classification
    • Market positioning of vendors
      • Table Market positioning of vendors
    • Diamond Offshore Drilling Inc.
      • Table Diamond Offshore Drilling Inc. - Vendor overview
      • Table Diamond Offshore Drilling Inc. - Business segments
      • Table Diamond Offshore Drilling Inc. - Organizational developments
      • Table Diamond Offshore Drilling Inc. - Geographic focus
      • Table Diamond Offshore Drilling Inc. - Key offerings
    • Nabors Industries Ltd.
      • Table Nabors Industries Ltd. - Vendor overview
      • Table Nabors Industries Ltd. - Business segments
      • Table Nabors Industries Ltd. - Organizational developments
      • Table Nabors Industries Ltd. - Geographic focus
      • Table Nabors Industries Ltd. - Segment focus
      • Table Nabors Industries Ltd. - Key offerings
    • Noble Corp. Plc
      • Table Noble Corp. Plc - Vendor overview
      • Table Noble Corp. Plc - Business segments
      • Table Noble Corp. Plc - Organizational developments
      • Table Noble Corp. Plc - Geographic focus
      • Table Noble Corp. Plc - Key offerings
    • Samsung Heavy Industries Co. Ltd.
      • Table Samsung Heavy Industries Co. Ltd. - Vendor overview
      • Table Samsung Heavy Industries Co. Ltd. - Business segments
      • Table Samsung Heavy Industries Co. Ltd. - Organizational developments
      • Table Samsung Heavy Industries Co. Ltd. - Geographic focus
      • Table Samsung Heavy Industries Co. Ltd. - Segment focus
      • Table Samsung Heavy Industries Co. Ltd. - Key offerings
    • Transocean Ltd.
      • Table Transocean Ltd. - Vendor overview
      • Table Transocean Ltd. - Business segments
      • Table Transocean Ltd. - Organizational developments
      • Table Transocean Ltd. - Geographic focus
      • Table Transocean Ltd. - Key offerings
  • Appendix
    • Research methodology
      • Table Validation techniques employed for market sizing
    • List of abbreviations
    • Definition of market positioning of vendors
      • Table Definition of market positioning of vendors
  • Explore Technavio

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