Oil and Gas Drilling Automation Market by Application and Geography - Forecast and Analysis 2020-2024

Oil and Gas Drilling Automation Market by Application and Geography - Forecast and Analysis 2020-2024

Global Oil and Gas Drilling Automation Market: About this market

Technavio’s oil and gas drilling automation market analysis considers sales from both onshore and offshore applications. Our study also finds the sales of oil and gas drilling automation in APAC, Europe, MEA, North America, and South America. In 2019, the onshore segment had a significant market share, and this trend is expected to continue over the forecast period. Factors such as lower initial cost will play a significant role in the onshore segment to maintain its market position. Also, our global oil and gas drilling automation market report looks at factors such as O&G price recovery, growth in shale oil production, and rising adoption of drilling automation in offshore O&G projects. However, high ownership costs, imposition of trade tariffs on offshore drilling components, and complexities in system integration may hamper the growth of the oil and gas drilling automation industry over the forecast period.

Global Oil and Gas Drilling Automation Market: Overview

Growth in shale oil production

Rapid growth in the production of shale oil and gas over the past few years has resulted in a considerable rise in the adoption of drilling automation in the oil and gas industry. As the extraction of shale oil and gas involves multiple complexities, vendors have started offering advanced automated drilling equipment with better designs. A few vendors, such as RigMinder and Schlumberger, offer automated drilling solutions exclusively for shale oil and gas extraction. automated drilling solutions are making operations efficient in harsh mid-water and deep-water oil and gas drilling environments. This growth in shale oil production will lead to the expansion of the global oil and gas drilling automation market at a CAGR of almost 1% during the forecast period.

Adoption of IoT technology

The adoption of the internet of things (loT) devices for in-depth monitoring and data capturing in the O&G industry is improving the overall efficiency of O&G operations. With crude oil prices registering considerable recovery over the last two years, rig operators and oil producers are emphasizing on optimizing the energy efficiency of oilfields. loT devices are being increasingly used in the O&G industry for a range of applications, including drilling management, pipeline testing, and monitoring, refinery inspections, and carbon footprint minimization, among others. loT enables oil rig operators and refineries to monitor key performance parameters such as pipe pressure and flow rate. Additionally, loT ensures accurate and real-time data collection at locations that are not easily accessible. 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 oil and gas drilling automation market during the forecast period 2020-2024, click here.

Competitive Landscape

With the presence of several major players, the global oil and gas drilling automation 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 oil and gas drilling automation manufacturers, that include ABB Ltd., Akastor ASA, Ensign Energy Services Inc., Honeywell International Inc., Kongsberg Gruppen ASA, Nabors Industries Ltd., National Oilwell Varco Inc., Rockwell Automation Inc., Schlumberger Ltd., and Siemens AG.

Also, the oil and gas drilling automation market analysis report include 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 Vendors: Key offerings
    • Currency conversion rates for US$
  • Market landscape
    • Market ecosystem
      • Table Global electrical components and equipment market
      • Table Segments of global electrical components and equipment market
    • Market characteristics
      • Table Market characteristics
    • Market segmentation analysis
      • Table Market segments
    • Value chain
  • Market sizing
    • Market definition
      • Table Market definition - Inclusions and exclusions checklist
    • Market sizing 2019
      • Table Market size 2019
    • Market Outlook
    • Market size and forecast 2019-2024
      • Table Global market: Size and forecast 2019-2024 ($ millions)
      • Table Global market: Year-over-year growth 2020-2024 (%)
  • Five forces analysis
    • Table Five forces analysis 2019
    • Table Five forces analysis 2024
    • 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 2019
  • Market segmentation by application
    • Table Application - Market share 2019-2024 (%)
    • Comparison by application
      • Table Comparison by application
    • Onshore - Market size and forecast 2019-2024
      • Table Onshore - Market size and forecast 2019-2024 ($ millions)
      • Table Onshore - Year-over-year growth 2020-2024 (%)
    • Offshore - Market size and forecast 2019-2024
      • Table Offshore - Market size and forecast 2019-2024 ($ millions)
      • Table Offshore - Year-over-year growth 2020-2024 (%)
    • Market opportunity by application
      • Table Market opportunity by application
  • Customer landscape
    • Table Customer landscape
  • Geographic landscape
    • Geographic segmentation
      • Table Market share by geography 2019-2024 (%)
    • Geographic comparison
      • Table Geographic comparison
    • North America - Market size and forecast 2019-2024
      • Table North America - Market size and forecast 2019-2024 ($ millions)
      • Table North America - Year-over-year growth 2020-2024 (%)
    • Europe - Market size and forecast 2019-2024
      • Table Europe - Market size and forecast 2019-2024 ($ millions)
      • Table Europe - Year-over-year growth 2020-2024 (%)
    • APAC - Market size and forecast 2019-2024
      • Table APAC - Market size and forecast 2019-2024 ($ millions)
      • Table APAC - Year-over-year growth 2020-2024 (%)
    • MEA - Market size and forecast 2019-2024
      • Table MEA - Market size and forecast 2019-2024 ($ millions)
      • Table MEA - Year-over-year growth 2020-2024 (%)
    • South America - Market size and forecast 2019-2024
      • Table South America - Market size and forecast 2019-2024 ($ millions)
      • Table South America - Year-over-year growth 2020-2024 (%)
    • 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
    • Rising number of new O&G projects
    • Adoption of IoT technology
    • Growing consolidation in the O&G drilling automation market
  • 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
    • ABB Ltd.
      • Table ABB Ltd. - Vendor overview
      • Table ABB Ltd. - Business segments
      • Table ABB Ltd. - Organizational developments
      • Table ABB Ltd. - Geographic focus
      • Table ABB Ltd. - Segment focus
      • Table ABB Ltd. - Key offerings
    • Akastor ASA
      • Table Akastor ASA - Vendor overview
      • Table Akastor ASA - Business segments
      • Table Akastor ASA - Organizational developments
      • Table Akastor ASA - Geographic focus
      • Table Akastor ASA - Segment focus
      • Table Akastor ASA - Key offerings
    • Ensign Energy Services Inc.
      • Table Ensign Energy Services Inc. - Vendor overview
      • Table Ensign Energy Services Inc. - Business segments
      • Table Ensign Energy Services Inc. - Organizational developments
      • Table Ensign Energy Services Inc. - Segment focus
      • Table Ensign Energy Services Inc. - Key offerings
    • Honeywell International Inc.
      • Table Honeywell International Inc. - Vendor overview
      • Table Honeywell International Inc. - Business segments
      • Table Honeywell International Inc. - Organizational developments
      • Table Honeywell International Inc. - Geographic focus
      • Table Honeywell International Inc. - Segment focus
      • Table Honeywell International Inc. - Key offerings
    • Kongsberg Gruppen ASA
      • Table Kongsberg Gruppen ASA - Vendor overview
      • Table Kongsberg Gruppen ASA - Business segments
      • Table Kongsberg Gruppen ASA - Organizational developments
      • Table Kongsberg Gruppen ASA - Geographic focus
      • Table Kongsberg Gruppen ASA - Segment focus
      • Table Kongsberg Gruppen ASA - 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
    • National Oilwell Varco Inc.
      • Table National Oilwell Varco Inc. - Vendor overview
      • Table National Oilwell Varco Inc. - Business segments
      • Table National Oilwell Varco Inc. - Organizational developments
      • Table National Oilwell Varco Inc. - Geographic focus
      • Table National Oilwell Varco Inc. - Segment focus
      • Table National Oilwell Varco Inc. - Key offerings
    • Rockwell Automation Inc.
      • Table Rockwell Automation Inc. - Vendor overview
      • Table Rockwell Automation Inc. - Business segments
      • Table Rockwell Automation Inc. - Organizational developments
      • Table Rockwell Automation Inc. - Geographic focus
      • Table Rockwell Automation Inc. - Segment focus
      • Table Rockwell Automation Inc. - Key offerings
    • Schlumberger Ltd.
      • Table Schlumberger Ltd. - Vendor overview
      • Table Schlumberger Ltd. - Business segments
      • Table Schlumberger Ltd. - Organizational developments
      • Table Schlumberger Ltd. - Geographic focus
      • Table Schlumberger Ltd. - Segment focus
      • Table Schlumberger Ltd. - Key offerings
    • Siemens AG
      • Table Siemens AG - Vendor overview
      • Table Siemens AG - Business segments
      • Table Siemens AG - Organizational developments
      • Table Siemens AG - Geographic focus
      • Table Siemens AG - Segment focus
      • Table Siemens AG - 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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