Exhausting onshore oil and gas reserves are predicted to drive the offshore drilling market over the forecast period. An increase in crude oil and petrochemical consumption across different industries such as plastics, transportation, energy, textiles, and paints and coatings is expected to drive exploration activities in offshore sites.
MARKET DYNAMICS
Rising investments in emerging economies, liberalization of the Mexican oil & gas industry, and rapid technological advancements are some of the major factors driving the growth of the offshore drilling market. Moreover, a growing focus on deep-water drilling is anticipated to boost the growth of the offshore drilling market.
MARKET SCOPE
The Global Offshore Drilling Market Analysis to 2028 is a specialized and in-depth study of the offshore drilling market with a special focus on the global market trend analysis. The report aims to provide an overview of offshore drilling market with detailed market segmentation by service type, application. The global offshore drilling market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading offshore drilling market players and offers key trends and opportunities in the offshore drilling market.
MARKET SEGMENTATION
The global offshore drilling market is segmented on the basis of offering, service type, application. On the basis of offering, the market is segmented as service type, application. On the basis of service type, the market is segmented as contract drilling, directional drilling, logging while drilling, measurement while drilling. On the basis of application, the market is segmented as shallow water, deep water, ultra-deep water.
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides overview and forecast of the global offshore drilling market based on various segments. It also provides market size and forecast estimates from year 2020 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America. The offshore drilling market by each region is later sub-segmented by respective countries and segments. The report covers analysis and forecast of 18 countries globally along with current trend and opportunities prevailing in the region.
The report analyzes factors affecting offshore drilling market from both demand and supply side and further evaluates market dynamics effecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA and South America after evaluating political, economic, social and technological factors effecting the offshore drilling market in these regions.
MARKET PLAYERS
The reports cover key developments in the offshore drilling market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for expansion of business and customer base of market players. The market players from offshore drilling market are anticipated to lucrative growth opportunities in the future with the rising demand for offshore drilling market. Below mentioned is the list of few companies engaged in the offshore drilling market.
The report also includes the profiles of key offshore drilling market companies along with their SWOT analysis and market strategies. In addition, the report focuses on leading industry players with information such as company profiles, components and services offered, financial information of last 3 years, key development in past five years.
- Baker Hughes Company
- China Oilfield Services Limited
- Dolphin Drilling
- KCA Deutag
- MAERSK DRILLING
- Nabors Industries Ltd
- Schlumberger Limited
- Seadrill Limited
- Transocean Ltd.
- Weatherford International plc
The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.