The report “Offshore Drilling Rigs Market - Global Forecast to 2019” defines and segments the global offshore drilling rigs market, with an analysis and forecast of the revenue. The offshore drilling rigs industry is expected to grow from an estimated $65.77 billion in 2014 to $102.47.2 billion by 2019, at a CAGR of 9.27%.
Browse 84 market data tables and 29 figures spread through 199 pages and in-depth TOC on Offshore Drilling Rigs Market - Global Forecast to 2019.
Early buyers will receive 10% customization on report.
The progress of the offshore rigs market largely depends on growing exploration activities across the globe. The recent discoveries of oil and gas reserves in remote areas, along with increasing technological advancements in terms of equipment have made drilling operations more feasible and cost-effective. However, recent oil spill incidents in the offshore arena and stringent environment regulations on drilling activities would restrain the growth of this market.
The growth of the offshore drilling rigs market in these regions is propelled by factors such as growing offshore activities in the harsh environmental conditions of North Sea and depleting oil and gas reserves in the U.S. The CAGR of the European region is determined by growing offshore activities in the North Sea.
Transocean (Switzerland), COSL (China), Nabors (Bermuda), Ensco plc. (U.K.), Diamond Offshore Drilling (U.S.), KCA Deutag (U.K.), and Maersk Drilling (Denmark), are the major players that constitute a significant share of the global offshore drilling rigs market. These players are concentrating on growing markets and are investing heavily to meet the demand from these markets and to reduce contract backlogs.
Latin America: Largest market for offshore drilling
Latin America is estimated to be the largest market in the offshore drilling industry, followed by Asia-Pacific. The Asia-Pacific market is projected to lead the offshore drilling rigs market by the year 2019, with an estimated market size of $20.7 billion, followed by Latin America with $20.38 billion, and Africa with $19.62 billion.
The report analyzes and projects the offshore drilling rigs market size, by type, applications, and geography. The offshore drilling rigs market includes contract-drilling services with respect to type of offshore rigs such as jackups, semi-submersibles, and drillships. The report also contains market estimations on the basis of regions, namely Asia-Pacific, Europe, Africa, the Middle East, North America, Latin America, and Rest of the World (RoW). Offshore drilling activities are also analyzed in terms of shallow, deep, and ultra-deepwater activities.
This report also includes market share, value-chain analysis, Porters Five Force Analysis, and market metrics such as drivers, restraints, burning issues, winning imperative, and opportunities. In addition, it presents the competitive landscape and company profiles of 15 players in the market, including major companies providing contract-drilling services.
MarketsandMarkets is world’s No. 2 firm in terms of annually published premium market research reports. Serving 1700 global fortune enterprises with more than 1200 premium studies in a year, M&M is catering to multitude of clients across 8 different industrial verticals. We specialize in consulting assignments and business research across high growth markets, cutting edge technologies and newer applications. Our 850 fulltime analyst and SMEs at MarketsandMarkets are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors.
M&M’s flagship competitive intelligence and market research platform, "RT" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets. The new included chapters on Methodology and Benchmarking presented with high quality analytical infographics in our reports gives complete visibility of how the numbers have been arrived and defend the accuracy of the numbers.
We at MarketsandMarkets are inspired to help our clients grow by providing apt business insight with our huge market intelligence repository.
4400 NE 77th Avenue, Suite 275,
Vancouver, Washington 98662,