1. Market Research
  2. > Energy & Environment
  3. > Energy
  4. > Oil and Gas Market Trends
Robotic Drilling Market Application, Installation, Components And Region - Global Forecast to 2023

Robotic Drilling Market Application, Installation, Components And Region - Global Forecast to 2023

  • June 2018
  • 112 pages
  • ID: 5439557
In this report:
The growth of the market is attributed to the increasing shale gas production, which accounted for about ##% in 2015 and is estimated to hold approximately ##% share in the total natural gas production by 2040.
Tight oil and shale gas production is expected to be ##.## million BPD and ## billion cubic feet per day by 2040.

Summary

Table of Contents

Search Inside

The robotic drilling market is estimated to grow at a CAGR of 7.01% from 2018 to 2023.
The robotic drilling market is estimated to reach USD 923.2 million by 2023, at a CAGR of 7.01% from 2018 to 2023. This market growth is driven by the increased drilling activities due to the development of unconventional hydrocarbon resources and the adoption of automation and robotics in oil and gas drilling, which results in higher efficiency drilling and improved safety in rigs. However, the lack of interoperability of rig control systems used in robotic drilling act as a restraint for the market growth.

The onshore drilling segment of the robotic drilling market, by application, is expected to grow at a higher CAGR from 2018 to 2023.
The onshore drilling market is expected to grow at a higher CAGR during the forecast period. The growth of the market can be attributed to the rise in unconventional drilling activities and penetration of automation in onshore drilling in countries such as the US, China, and Canada.

North America: the largest robotic drilling market.

North America is estimated to dominate the global robotic drilling market during the forecast period due to the increase in drilling activities in the US and Canada.The US is the largest market in North America and is focused on developing its shale gas resources to increase its oil and gas production, coupled with high adoption of automation and robotics in drilling.

Canada is the other key market in North America. The country has an abundance of conventional and unconventional sources of natural gas, including tight gas and shale gas, leveraging its drilling automation technology for extracting these resources.

Breakdown of primaries
In-depth interviews have been conducted with various key industry participants, subject matter experts, C-level executives of key market players, and industry consultants, among other experts, to obtain and verify critical qualitative and quantitative information, as well as to assess market prospects. The distribution of primary interviews is as follows:
• By Company Type: Tier 1 - 36%, Tier 2 - 40%, and Tier 3 - 24%
• By Designation: C-Level - 25%, Director Level - 35%, and Others - 40%
• By Region: North America - 32%, Asia Pacific - 25%, Europe - 7%, Middle East - 26%, and RoW - 10%

Note: The tiers of the companies have been defined on the basis of their total revenue as of 2016: tier 1 = >USD 1 billion, tier 2 = USD 500 million to USD 1 billion, and tier 3 = Nabors (US), Precision Drilling (Canada), Huisman (US), Weatherford (Switzerland), and National Oilwell Varco (US) are among the leading players in the robotic drilling market.

Research Coverage
The report provides a picture of the robotic drilling market across the oil and gas industry in different regions.It aims at estimating the market size and future growth potential of the market across different segments, namely, component, installation, application, and region.

Furthermore, the report includes an in-depth competitive analysis of the key players in the market, along with their company profiles, recent developments, and key market strategies.
For the purpose of this report, the market has been segmented on the basis of installation, component, application, and region, with a focus on industry analysis (industry trends), ranking analysis of the top players, supply chain analysis, and company profiles, which together comprise the basic views on the competitive landscape, emerging and high-growth segments of the robotic drilling market, high-growth regions, and drivers, restraints, challenges, and opportunities pertaining to the market.

The report provides insights on the following pointers:
• Product Development/Innovation: Detailed insights on upcoming technologies, research and development activities, and new product launches and developments in the robotic drilling market
• Market Development: Comprehensive information about the lucrative emerging markets; the report analyzes the markets for robotic drilling across regions
• Market Diversification: Exhaustive information about new products, untapped regions, recent developments, and investments in the global robotic drilling market

Why Buy This Report?
• The report identifies and addresses key solutions for the operators of robotic drilling systems, which would further increase the demand for such drilling solutions.
• The report helps solution providers understand the pulse of the market and provides insights into drivers, restraints, opportunities, and challenges.
• The report will help key players understand the strategies of their competitors better and will help in making strategic decisions.

Get Industry Insights. Simply.

  • Latest reports & slideshows with insights from top research analysts
  • 150+ Million searchable statistics with tables, figures & datasets
  • More than 25,000 trusted sources
  • Single User License — provides access to the report by one individual.
  • Department License — allows you to share the report with up to 5 users
  • Site License — allows the report to be shared amongst all employees in a defined country
  • Corporate License — allows for complete access, globally.
Veronica helps you find the right report:
Testimonials

The research specialist advised us on the best content for our needs and provided a great report and follow-up, thanks very much we shall look at ReportLinker in the future.

Kate Merrick

Global Marketing Manager at
Eurotherm by Schneider Electric

We were impressed with the support that ReportLinker’s research specialists’ team provided. The report we purchased was useful and provided exactly what we want.

Category Manager at
Ikea

ReportLinker gave access to reliable and useful data while avoiding dispersing resources and spending too much time on unnecessary research.

Executive Director at
PwC Advisory

The customer service was fast, responsive, and 100% professional in all my dealings (...) If we have more research needs, I'll certainly prioritize working with ReportLinker!

Scott Griffith

Vice President Marketing at
Maurice Sporting Goods

The research specialist provided prompt, helpful instructions for accessing ReportLinker's product. He also followed up to make sure everything went smoothly and to ensure an easy transition to the next stage of my research

Jessica P Huffman

Research Associate at
American Transportation Research Institute

Excellent customer service. Very responsive and fast.

Director, Corporate Strategy at
Ingredion

I reached out to ReportLinker for a detailed market study on the Air Treatment industry. The quality of the report, the research specialist’s willingness to solve my queries exceeded my expectations. I would definitely recommend ReportLinker for in-depth industry information.

Mariana Mendoza

Global Platform Senior Manager at
Whirlpool Corporation

Thanks! I like what you've provided and will certainly come back if I need to do further research works.

Bee Hin Png

CEO at
LDR Pte Ltd

The research specialist advised us on the best content for our needs and provided a great report and follow-up, thanks very much we shall look at ReportLinker in the future.

Kate Merrick

Global Marketing Manager at
Eurotherm by Schneider Electric

FAQ
  • How we can help
    • I am not sure if the report I am interested in will fulfill my needs. Can you help me?
    • Yes, of course. You can call us at +33(0) 4 37 65 17 03 or drop us an email at researchadvisor@reportlinker.com to let us know more about your requirements.
    • We buy reports often - can ReportLinker get me any benefits?
    • Yes. Set up a call with a Senior Research Advisor to learn more - researchadvisor@reportlinker.com or +33(0) 4 37 65 17 03.
    • I have had negative experiences with market research reports before. How can you avoid this from happening again?
    • We advise all clients to read the TOC and Summary and list your questions so that we can get more insight for you before you make any purchase decision. A research advisor will accompany you so that you can compare samples and reports from different sources, and choose the study that is right for you.

  • Report Delivery
    • How and when I will receive my Report?
    • Most reports are delivered right away in a pdf format, while others are accessed via a secure link and access codes. Do note that sometimes reports are sent within a 12 hour period, depending on the time zones. However, you can contact us to escalate this. Should you need a hard copy, you can check if this option is offered for the particular report, and pay the related fees.
  • Payment conditions
    • What payment methods do you accept?
      1. Credit card : VISA, American Express, Mastercard, or
      2. You can download an invoice to pay by wire transfer, check, or via a Purchase Order from your company, or
      3. You can pay via a Check made out in US Dollars, Euros, or British Pounds for the full amount made payable to ReportLinker
    • What are ReportLinker’s Payment Terms?
    • All payments must normally be submitted within 30 days. However, you can let us know if you need extended time.
    • Are Taxes and duties included?
    • All companies based in France must pay a 20% tax per report. The same applies to all individuals based in the EU. All EU companies must supply their VAT number when purchasing to avoid this charge.
    • I’m not satisfied. Can I be refunded?
    • No. Once your order has been processed and the publisher has received a notification to send you the report, we cannot issue any refund or cancel any order. As these are not ‘traditional’ products that can be returned, reports that are dispatched are considered to be ‘consumed’.
  • User license
    • The license that you should acquire depends on the number of persons that need to access the report. This can range from Single User (only one person will have the right to read or access the report), or Department License (up to 5 persons), to Site License (a group of persons based in the same company location), or Corporate License (the entire company personnel based worldwide). However, as publishers have different terms and conditions, we can look into this for you.
Purchase Reports From Reputable Market Research Publishers
Global Petroleum Tank Cleaning Market - Competition Forecast & Opportunities, 2013 - 2023

Global Petroleum Tank Cleaning Market - Competition Forecast & Opportunities, 2013 - 2023

  • $ 4000
  • December 2018

Global Petroleum Tank Cleaning Market By Type (Manual Vs. Automatic), By Application (Crude Oil Tank, Refinery Oil Tank, Depot & Gas Station and Others), By Region, Competition Forecast & Opportunities, ...

Crude Oil Global Market Report 2019

Crude Oil Global Market Report 2019

  • $ 4000
  • January 2019

Crude Oil Market Global Report 2019 provides the strategists, marketers and senior management with the critical information they need to assess the global crude oil market.Description: Where is the largest ...

Q4 2018 Global FPSO Industry Outlook - South America and Africa Continue to Lead Global Planned FPSO Deployments

Q4 2018 Global FPSO Industry Outlook - South America and Africa Continue to Lead Global Planned FPSO Deployments

  • $ 3000
  • December 2018

Q4 2018 Global FPSO Industry Outlook - South America and Africa Continue to Lead Global Planned FPSO DeploymentsSummaryGlobally 71 FPSOs are expected to start operations by 2025.South America will continue ...

Global Grease Market 2019-2023 $ 2500 November 2018


ref:plp2018

Reportlinker.com © Copyright 2019. All rights reserved.

ReportLinker simplifies how Analysts and Decision Makers get industry data for their business.

Make sure you don’t miss any news and follow us on