The following companies as the key players in the global robots market in oil and gas drilling operations: Drillmec, Ensign, Nabors, and Schramm. Other Prominent Vendors in the market are: Baker Hughes, Robotic Drilling Systems, DMC, Kuwait Drilling Company, Rockwell Automation, and Voith (Part of Triton).
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Robots Market in Oil and Gas Drilling Operations 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years.
The report also includes a discussion of the key vendors operating in this market.
Complete report on the Robots Market Research Report spread across 70 pages, profiling 10 companies with table of content is now available at www.reportsnreports.com/contacts/discount.aspx?name=1142936 .
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The analysts forecast global robots market in oil and gas drilling operations to grow at a CAGR of 4.68% during the period 2017-2021.One trend in the market is fully automated drilling rigs. The oil and gas industry involves hazardous applications, which utilizes surface tools for ground drilling operations.
Technological innovations implemented in the oil and gas industry makes the extraction of fossil fuels and natural gas possible, which were otherwise not accessible by manually operated machines. This industry has incorporated various automated machines which are used for different applications.
According to the report, one driver in the market is lower operational cost. The implementation of robots in industries has drastically reduced operational costs.
Robotic machines reduce operation cycle time, minimize process time, and improve quality. These machines are equipped with motors, sensors, and controllers that allow operators to precisely proceed with drilling operations until the desired results are achieved.
Since these machines are robotic and fully automated, they operate autonomously depending on the pre-set programming and allow industries to carry out labor-intensive drilling operations without posing any risk to human life.
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Further, the report states that one challenge in the market is high implementation cost. The implementation of automated drilling rigs involves heavy investments when compared with manual labor and traditional machines.
These automated rigs are technologically advanced and can reduce the operational cost. However, it has been witnessed that the oil and gas industry is stringent in terms of investing in advanced technologies.
The oil and gas industry witnessed a downfall in 2014, which affected investments in technology by countries which are major exporters of oil.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.
This report covers the present scenario and the growth prospects of the global robots market in oil and gas drilling operations for 2017-2021. To calculate the market size, the report considers installations, retrofit, replacement, spares, aftermarket, and services market.
The market deals with advanced automated machines and 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 advanced automated machines and robotic units are also called fully automated drilling rigs and robotic drilling systems.
The global robots market in oil and gas drilling operations include offshore and onshore applications.
Key questions answered in this report
What will the market size be in 2021 and what will the growth rate be?
What are the key market trends?
What is driving this industry?
What are the challenges to market growth?
Who are the key vendors in this industry space?
What are the market opportunities and threats faced by the key vendors?
What are the strengths and weaknesses of the key vendors?
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