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Top Drive Systems Market by Type (Electric & Hydraulic), Application (Onshore & Offshore), Vessel Type (Jackup, Drillship, Semi-Submersible), & by Region (North & South Americas, Europe, APAC, Middle East & Africa) - Global Trends & Forecasts to 2020

Top Drive Systems Market by Type (Electric & Hydraulic), Application (Onshore & Offshore), Vessel Type (Jackup, Drillship, Semi-Submersible), & by Region (North & South Americas, Europe, APAC, Middle East & Africa) - Global Trends & Forecasts to 2020

Top drive is a motor that is suspended from the derrick, or mast, of the rig, which provides rotational force to facilitate the process of drilling a wellbore. It drives and rotates the drill string and bit, hence make drilling process easy. Top drives play a significant role in reducing hazards and the overall cost of drilling activities. It will continue to be the predominant method of drilling wells in the future .The top drive is an alternative to Kelly/rotary table. The demand for effective and efficient drilling has increased the importance of this system for various applications such as onshore and offshore.

The top drive market has been estimated in terms of value ($Million). This report provides an analysis about the drivers, restraints, and opportunities of the global top drive market. Growth in drilling and exploration activities and increasing need for energy from emerging economies are expected to be the major drivers in increasing the usage of top drives globally. However, with the current oil price scenario, the growth would be limited this year; however, it is expected to regain its growth in the coming years once the crude price is stabilized. Furthermore, growing offshore oil & gas reserves provide huge growth opportunities to the top drive market. This report also covers the activities of major key players in this segment, and strategies adopted by them through expansions, mergers & acquisitions, and new product launches.

The global top drive market has been classified into two major segments: electric & hydraulic. The electric top drive system accounted for the major market share of 88%, followed by hydraulic top drives, which held a share of 12% in 2014.

The above figure shows the global top drive market in terms of value ($million) for various geographies from 2015 to 2020. In comparison of other regions, North America dominates the global top drive market, and is expected to continue its dominance in the near future. Major players of the top drive market include National Oilwell Varco (U.S.), Tesco Corporation (U.S.), Canrig Drilling Technology Limited (U.S.), Cameron International Corporation (U.S.), Aker Solutions AS (Norway), Axon Energy Products (U.S.), Bentec GMBH Drilling & Oilfield Systems (Germany), Foremost (Canada), Daqing Jinghong Petroleum Equipment Corporation (China), Honghua Group Limited (China), and Warrior Manufacturing Service Limited (Canada). The top drive market has been classified as follows:

By Type
Hydraulic
Electric

By Region
North America
South America
Asia-Pacific
Europe
Middle East
Africa

By Application
Onshore
Offshore
Jackup
Drillship
Semisubmersible

The dominant top companies of the top drive market from each region have been covered. These market players are present mostly in North America, Europe, and Asia Pacific, and are continuously participating in competitive developments.


  • INTRODUCTION
    • OBJECTIVES OF THE STUDY
    • MARKET DEFINITION
    • STUDY SCOPE
      • MARKETS COVERED
      • YEARS CONSIDERED FOR THE STUDY
    • CURRENCY
    • LIMITATIONS
    • STAKEHOLDERS
  • RESEARCH METHODOLOGY
    • SECONDARY DATA
      • PRIMARY DATA
    • MARKET SIZE ESTIMATION
      • TOP DOWN APPROACH
      • BOTTOM-UP APPROACH
    • MARKET BREAKDOWN & DATA TRIANGULATION
    • RESEARCH ASSUMPTIONS
  • EXECUTIVE SUMMARY
  • PREMIUM INSIGHTS
    • ATTRACTIVE MARKET OPPORTUNITIES IN TOP DRIVE MARKET
    • NORTH AMERICA: THE FASTEST GROWING MARKET IN THE COMING YEARS FOR TOP DRIVES
    • LIFE CYCLE ANALYSIS, BY REGION
    • TOP DRIVE MARKE : TOP FOUR COUNTRY
  • MARKET OVERVIEW
    • INTRODUCTION
    • MARKET SEGMENTATION
      • BY TYPE
    • MARKET DYNAMICS
      • DRIVERS
      • RESTRAINTS
      • OPPORTUNITIES
      • CHALLENGES
    • IMPACT OF MARKET DYNAMICS
      • Table IMPACT OF MARKET DYNAMICS
  • INDUSTRY TRENDS
    • INTRODUCTION
    • VALUE CHAIN ANALYSIS
    • PORTER'S FIVE FORCES ANALYSIS
      • THREAT OF SUBSTITUTES
      • THREAT OF NEW ENTRANTS
      • BARGAINING POWER OF BUYERS
      • BARGAINING POWER OF SUPPLIERS
      • DEGREE OF COMPETITION
  • OFFHSORE DRILLING RIG MARKET
    • INTRODUCTION
      • SEMISUBMERSIBLES
      • DRILLSHIPS
      • JACKUP RIGS
      • TENDER RIGS
      • PLATFORM RIGS
    • OFFSHORE RIG SUPPLY OVERVIEW
      • THE U.S. GULF OF MEXICO (U.S. GOM)
        • Table U.S. GULF OF MEXICO: MOBILE OFFSHORE DRILLING RIG COUNT, 2012-2014
      • WEST AFRICA/MEDITERRANEAN
        • Table WEST AFRICA/MEDITERRANEAN: MOBILE OFFSHORE DRILLING RIG COUNT, 2012-2014
      • NORTH SEA
        • Table NORTH SEA: MOBILE OFFSHORE DRILLING RIG COUNT, 2012-2014
      • MIDDLE EAST
        • Table MIDDLE EAST: MOBILE OFFSHORE DRILLING RIG COUNT, 2012-2014
      • SOUTH EAST ASIA/INDIA
        • Table SOUTH EAST ASIA/INDIA: MOBILE OFFSHORE DRILLING RIG COUNT, 2012-2014
      • SOUTH AMERICA
        • Table SOUTH AMERICA: MOBILE OFFSHORE DRILLING RIG COUNT, 2012-2014
      • MEXICO
        • Table MEXICO: MOBILE OFFSHORE DRILLING RIG COUNT, 2012-2014
      • OTHERS
        • Table OTHERS: MOBILE OFFSHORE DRILLING RIG COUNT, 2012-2014
    • OFFSHORE RIGS NEWBUILDS
      • JACKUP NEWBUILDS DELIVERIES
        • Table GLOBAL JACKUP NEWBUILD DELIVERIES, 2014-2016+
        • Table GLOBAL JACKUP NEWBUILD DELIVERIES, 2014
        • Table GLOBAL JACKUP NEWBUILD DELIVERIES, 2015
        • Table GLOBAL JACKUP NEWBUILD DELIVERIES, 2016+
      • DRILLSHIPS NEWBUILDS DELIVERIES
        • Table GLOBAL DRILLSHIP NEWBUILD DELIVERIES, 2014-2017+
        • Table GLOBAL DRILLSHIP NEWBUILD DELIVERIES, 2014
        • Table GLOBAL DRILLSHIP NEWBUILD DELIVERIES, 2015
        • Table GLOBAL DRILLSHIP NEWBUILD DELIVERIES, 2016
        • Table GLOBAL DRILLSHIP NEWBUILD DELIVERIES, 2017+
      • SEMISUBMERSIBLES NEW BUILDS DELIVERIES
        • Table GLOBAL SEMISUBMERSIBLES NEWBUILD DELIVERIES, 2014-2017+
        • Table GLOBAL SEMISUBMERSIBLES NEWBUILD DELIVERIES, 2014
        • Table GLOBAL SEMISUBMERSIBLES NEWBUILD DELIVERIES, 2015
        • Table GLOBAL SEMISUBMERSIBLES NEWBUILD DELIVERIES, 2016
        • Table GLOBAL SEMISUBMERSIBLES NEWBUILD DELIVERIES, 2017
  • TOP DRIVE MARKET, BY APPLICATION
    • INTRODUCTION
      • Table TOP DRIVE MARKET SIZE, BY APPLICATION, 2013-2020($MILLION)
    • ONSHORE APPLICATION
      • Table ONSHORE TOP DRIVE MARKET SIZE, BY REGION, 2013-2020
    • OFFSHORE APPLICATION
      • Table OFFSHORE APPLICATION TOP DRIVE MARKET SIZE, BY REGION, 2013-2020 ($MILLION)
      • OFFSHORE TOP DRIVE MARKET, BY VESSEL TYPE
        • Table OFFSHORE TOP DRIVE MARKET SIZE, BY VESSEL TYPE, 2013-2020 ($MILLION)
      • JACKUP RIGS
        • Table JACKUP RIG TOP DRIVE MARKET SIZE, BY REGION, 2013-2020($MILLION)
      • SEMISUBMERSIBLE RIGS
        • Table SEMISUBMERSIBLES TOP DRIVE MARKET SIZE, BY REGION, 2013-2020 ($MILLION)
      • DRILLSHIPS
        • Table DRILLSHIP TOP DRIVE MARKET SIZE, BY REGION, 2013-2020 ($MILLION)
  • TOP DRIVE MARKET, BY TYPE
    • INTRODUCTION
      • Table TOP DRIVE MARKET SIZE, BY TYPE, 2013-2020 ($MILLION)
    • ELECTRIC TOP DRIVES
      • Table ELECTRIC TOP DRIVE MARKET SIZE, BY REGION, 2013-2020 ($MILLION)
    • HYDRAULIC TOP DRIVES
      • Table HYDRAULIC TOP DRIVE MARKET SIZE, BY REGION, 2013-2020($MILLION)
  • TOP DRIVE MARKET, BY REGION
    • INTRODUCTION
      • Table TOP DRIVE MARKET SIZE, BY REGION, 2013-2020($MILLION)
    • NORTH AMERICA
      • Table NORTH AMERICA: TOP DRIVE MARKET SIZE, BY COUNTRY, 2013-2020($MILLION)
      • BY COUNTRY
        • Table U.S.: TOP DRIVE MARKET SIZE, BY COUNTRY, 2013-2020 ($MILLION)
        • Table CANADA: TOP DRIVE MARKET SIZE, BY TYPE, 2013-2020 ($MILLION)
        • Table MEXICO: TOP DRIVE MARKET SIZE, BY TYPE, 2013-2020($MILLION)
      • BY TYPES
        • Table NORTH AMERICA: TOP DRIVE MARKET SIZE, BY TYPE, 2013-2020($MILLION)
      • BY APPLICATION
        • Table NORTH AMERICA: TOP DRIVE MARKET SIZE, BY APPLICATION, 2013-2020 ($MILLION)
        • Table NORTH AMERICA: OFFSHORE TOP DRIVE MARKET SIZE, BY VESSEL TYPE, 2013-2020 ($MILLION)
    • EUROPE
      • Table EUROPE: TOP DRIVE MARKET SIZE, BY COUNTRY, 2013-2020 (MILLION)
      • BY COUNTRY
        • Table RUSSIA: TOP DRIVE MARKET SIZE, BY TYPE, 2013-2020 ($MILLION)
        • Table NORWAY: TOP DRIVE MARKET SIZE, BY TYPE, 2013-2020 ($MILLION)
        • Table U.K.: TOP DRIVE MARKET SIZE, BY TYPE, 2013-2020 (MILLION)
        • Table OTHERS: TOP DRIVE MARKET SIZE, BY TYPE, 2013-2020 ($MILLION)
      • BY TYPE
        • Table EUROPE: TOP DRIVE MARKET, BY TYPE, 2013-2020 ($MILLION)
      • BY APPLICATION
        • Table EUROPE: TOP DRIVE MARKET SIZE, BY APPLICATION, 2013-2020 ($MILLION)
        • Table EUROPE: OFFSHORE TOP DRIVE MARKET SIZE, BY VESSEL TYPE, 2013-2020 ($MILLION)
    • ASIA-PACIFIC
      • Table ASIA-PACIFIC: TOP DRIVE MARKET SIZE, BY COUNTRY, 2013-2020($MILLION)
      • BY COUNTRY
        • Table CHINA: TOP DRIVE MARKET SIZE, BY TYPE, 2013-2020 ($MILLION)
        • Table AUSTRALIA: TOP DRIVE MARKET SIZE, BY TYPE, 2013-2020 ($MILLION)
        • Table INDIA: TOP DRIVE MARKET SIZE, BY TYPE, 2013-2020 ($MILLION)
        • Table OTHERS: TOP DRIVE MARKET SIZE, BY TYPE, 2013-2020 ($MILLION)
      • BY TYPE
        • Table ASIA-PACIFIC: TOP DRIVE MARKET SIZE, BY TYPE, 2013-2020 ($MILLION)
      • BY APPLICATION
        • Table ASIA-PACIFIC: TOP DRIVE MARKET SIZE, BY APPLICATION, 2013-2020 ($MILLION)
        • Table ASIA-PACIFIC: TOP DRIVE MARKET SIZE, BY VESSEL TYPE, 2013-2020 ($MILLION)
    • SOUTH AMERICA
      • Table SOUTH AMERICA: TOP DRIVE MARKET SIZE, BY COUNTRY, 2013-2020 ($MILLION)
      • BY COUNTRY
        • Table ARGENTINA: TOP DRIVE MARKET SIZE, BY TYPE, 2013-2020 ($MILLION)
        • Table VENEZUELA: TOP DRIVE MARKET SIZE, BY TYPE, 2013-2020 ($MILLION)
        • Table BRAZIL: TOP DRIVE MARKET SIZE, BY TYPE, 2013-2020 ($MILLION)
        • Table COLOMBIA: TOP DRIVE MARKET SIZE, BY TYPE, 2013-2020 ($MILLION)
        • Table OTHERS: TOP DRIVE MARKET SIZE, BY TYPE, 2013-2020 ($MILLION)
      • BY TYPE
        • Table SOUTH AMERICA: TOP DRIVE MARKET SIZE, BY TYPE, 2013-2020 ($MILLION)
      • BY APPLICATION
        • Table SOUTH AMERICA: TOP DRIVE MARKET SIZE, BY TYPE, 2013-2020 ($MILLION)
        • Table SOUTH AMERICA: OFFSHORE TOP DRIVE MARKET SIZE, BY VESSEL TYPE, 2013-2020 ($MILLION)
    • MIDDLE EAST
      • Table MIDDLE EAST: TOP DRIVE MARKET SIZE, BY COUNTRY, 2013-2020 ($MILLION)
      • BY COUNTRY
        • Table SAUDI ARABIA: TOP DRIVE MARKET SIZE, BY TYPE, 2013-2020 ($MILLION)
        • Table IRAQ: TOP DRIVE MARKET SIZE, BY TYPE, 2013-2020 ($MILLION)
        • Table OMAN: TOP DRIVE MARKET SIZE, BY TYPE, 2013-2020 ($MILLION)
        • Table KUWAIT: TOP DRIVE MARKET SIZE, BY TYPE, 2013-2020 ($MILLION)
        • Table UAE: TOP DRIVE MARKET SIZE, BY TYPE, 2013-2020 ($MILLION)
        • Table OTHERS: TOP DRIVE MARKET SIZE, BY TYPE, 2013-2020 ($MILLION)
      • BY TYPE
        • Table MIDDLE EAST: TOP DRIVE MARKET SIZE, BY TYPE, 2013-2020 ($MILLION)
      • BY APPLICATION
        • Table MIDDLE EAST: TOP DRIVE MARKET SIZE, BY APPLICATION, 2013-2020 ($MILLION)
        • Table MIDDLE EAST: OFFSHORE TOP DRIVE MARKET SIZE, BY VESSEL TYPE, 2013-2020 ($MILLION)
    • AFRICA
      • Table AFRICA: TOP DRIVE MARKET SIZE, BY COUNTRY, 2013-2020 ($MILLION)
      • BY COUNTRY
        • Table NIGERIA: TOP DRIVE MARKET SIZE, BY TYPE, 2013-2020 ($MILLION)
        • Table ALGERIA: TOP DRIVE MARKET SIZE, BY TYPE, 2013-2020 ($MILLION)
        • Table EGYPT: TOP DRIVE MARKET SIZE, BY TYPE, 2013-2020 ($MILLION)
        • Table OTHERS: TOP DRIVE MARKET SIZE, BY TYPE, 2013-2020 ($MILLION)
      • BY TYPE
        • Table AFRICA: TOP DRIVE MARKET SIZE, BY TYPE, 2013-2020 ($MILLION)
      • BY APPLICATION
        • Table AFRICA: TOP DRIVE MARKET SIZE, BY APPLICATION, 2013-2020 ($MILLION)
        • Table AFRICA: OFFSHORE TOP DRIVE MARKET SIZE, BY VESSEL TYPE, 2013-2020 ($MILLION)
  • COMPETITIVE LANDSCAPE
    • OVERVIEW
    • MARKET SHARE ANALYSIS
    • COMPETITIVE SITUATIONS & TRENDS
      • CONTRACTS & AGREEMENTS
        • Table CONTRACTS & AGREEMENTS, 2012-2015
      • NEW PRODUCT DEVELOPMENTS
        • Table NEW PRODUCT DEVELOPMENTS, 2012-2015
      • MERGERS & ACQUISITIONS
        • Table MERGERS & ACQUISITIONS, 2012-2015
      • EXPANSIONS
        • Table EXPANSIONS, 2012-2015
      • OTHER DEVELOPMENTS
        • Table OTHER DEVELOPMENTS, 2012-2015
  • COMPANY PROFILES
    • INTRODUCTION
    • AKER SOLUTIONS
      • BUSINESS OVERVIEW
      • PRODUCTS & SERVICES
      • STRATEGIES & INSIGHTS
      • SWOT ANALYSIS
      • RECENT DEVELOPMENTS, 2012-2015
      • MNM VIEW
    • CAMERON INTERNATIONAL CORPORATION
      • BUSINESS OVERVIEW
      • PRODUCTS & SERVICES
      • KEY STRATEGIES
      • SWOT ANALYSIS
      • RECENT DEVELOPMENTS, 2011-2015
      • MNM VIEW
    • HONGHUA GROUP LIMITED
      • BUSINESS OVERVIEW
      • PRODUCTS & SERVICES
      • STRATEGIES & INSIGHTS
      • SWOT ANALYSIS
      • RECENT DEVELOPMENTS, 2013-2014
      • MNM VIEW
    • NATIONAL OILWELL VARCO, INC.
      • BUSINESS OVERVIEW
      • PRODUCTS & SERVICES
      • STRATEGIES & INSIGHTS
      • SWOT ANALYSIS
      • RECENT DEVELOPMENTS
      • MNM VIEW
    • TESCO CORPORATION
      • BUSINESS OVERVIEW
      • PRODUCTS & SERVICES
      • STRATEGIES & INSIGHTS
      • SWOT ANALYSIS
      • RECENT DEVELOPMENTS, 2013-2014
      • MNM VIEW
    • AXON ENERGY PRODUCTS
      • BUSINESS OVERVIEW
      • PRODUCTS & SERVICES
      • STRATEGIES & INSIGHTS
      • RECENT DEVELOPMENTS, 2012-2015
    • BENTEC GMBH DRILLING & OILFIELD SYSTEMS
      • BUSINESS OVERVIEW
      • PRODUCTS & SERVICES
      • STRATEGIES & INSIGHTS
      • RECENT DEVELOPMENTS, 2012
    • CANRIG DRILLING TECHNOLOGY LIMITED
      • BUSINESS OVERVIEW
      • PRODUCTS & SERVICES
      • STRATEGIES & INSIGHTS
      • RECENT DEVELOPMENTS, 2012-2013
    • DAQING JINGHONG PETROLEUM EQUIPMENT CORPORATION
      • BUSINESS OVERVIEW
      • PRODUCTS & SERVICES
      • STRATEGIES & INSIGHTS
    • FOREMOST
      • BUSINESS OVERVIEW
      • PRODUCTS & SERVICES
      • STRATEGIES & INSIGHTS
      • RECENT DEVELOPMENT, 2014
    • PANJIN LIAOHE OILFIELD TIANYI PETROLEUM EQUIPMENT COMPANY LIMITED
      • BUSINESS OVERVIEW
      • PRODUCTS & SERVICES
      • STRATEGIES & INSIGHTS
    • WARRIOR MANUFACTURING SERVICES LIMITED
      • BUSINESS OVERVIEW
      • PRODUCTS & SERVICES
      • STRATEGIES & INSIGHTS
      • RECENT DEVELOPMENT, 2012
  • APPENDIX
    • INSIGHTS OF INDUSTRY EXPERTS
    • DISCUSSION GUIDE
    • AVAILABLE CUSTOMIZATIONS
    • INTRODUCING RT: REAL TIME MARKET INTELLIGENCE
    • RELATED REPORTS

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