Automotive Engine Encapsulation
Engine encapsulations made of insulation material are used as acoustic absorber in the engine com ... Read More
The market deals with 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 robotic units are also called robotic drilling systems.
Market Analysis and Insights: Global Robotic Drilling Market
Due to the COVID-19 pandemic, the global Robotic Drilling market size is estimated to be worth US$ 590.2 million in 2022 and is forecast to a readjusted size of US$ 818.4 million by 2028 with a CAGR of 5.6% during the forecast period 2022-2028. Fully considering the economic change by this health crisis, Retrofit accounting for % of the Robotic Drilling global market in 2021, is projected to value US$ million by 2028, growing at a revised % CAGR from 2022 to 2028. While Onshore segment is altered to an % CAGR throughout this forecast period.
North America is expected to dominate the global robotic drilling market during the forecast period due to the rise in the shale gas production and the higher safety and efficiency norms provided by drilling contractors. North America is also expected to be the fastest-growing market, followed by Asia Pacific.
Global Robotic Drilling Market: Drivers and Restrains
The research report has incorporated the analysis of different factors that augment the market’s growth. It constitutes trends, restraints, and drivers that transform the market in either a positive or negative manner. This section also provides the scope of different segments and applications that can potentially influence the market in the future. The detailed information is based on current trends and historic milestones. This section also provides an analysis of the volume of production about the global market and about each type from 2017 to 2028. This section mentions the volume of production by region from 2017 to 2028. Pricing analysis is included in the report according to each type from the year 2017 to 2028, manufacturer from 2017 to 2022, region from 2017 to 2022, and global price from 2017 to 2028.
A thorough evaluation of the restrains included in the report portrays the contrast to drivers and gives room for strategic planning. Factors that overshadow the market growth are pivotal as they can be understood to devise different bends for getting hold of the lucrative opportunities that are present in the ever-growing market. Additionally, insights into market expert’s opinions have been taken to understand the market better.
Global Robotic Drilling Market: Segment Analysis
The research report includes specific segments by region (country), by manufacturers, by Type and by Application. Each type provides information about the production during the forecast period of 2017 to 2028. by Application segment also provides consumption during the forecast period of 2017 to 2028. Understanding the segments helps in identifying the importance of different factors that aid the market growth.
Segment by Type
Retrofit
New Builds
Segment by Application
Onshore
Offshore
By Company
National Oilwell Varco
Weatherford International
Nabors-Rds
Ensign Energy Services
Huisman
Drillmec
Precision Drilling
Sekal
Abraj Energy
Drillform Technical
Automated Rig Technologies
Rigarm
Production by Region
North America
Europe
China
Japan
Consumption by Region
North America
U.S.
Canada
Europe
Germany
France
U.K.
Italy
Russia
Asia-Pacific
China
Japan
South Korea
India
Australia
Taiwan
Indonesia
Thailand
Malaysia
Philippines
Vietnam
Latin America
Mexico
Brazil
Argentina
Engine encapsulations made of insulation material are used as acoustic absorber in the engine com ... Read More
Digitally printed wallpaper refer to murals are printed by digital style, with ultimate scaleabil ... Read More
Market Analysis and Insights: Global Tag Management System Market
A tag management ... Read More
Market Analysis and Insights: Global Military Battery Market
Due to the COVID-19 pa ... Read More