Offshore Drilling Rigs Market, by Type (Jack Up Rigs, Semi-submersible, Drill Ships), Application (Shallow Water Drilling, Deep Water Drilling, Ultra Deep Water Drilling) – Global Revenue, Trends, Growth, Share, Size and Forecast to 2022
In recent years, there has been a scarcity of energy sources; hence, countries around the world are opting for non-conventional means of energy to replenish their needs. It has been seen that one-third of the oil & gas produced across the world is through offshore reserves.
Earlier offshore oil production was a complicated process, however, now it is easier and has been a common practice among the oil & gas sector. The ease to obtain energy through offshore drilling is favoring the progress of the market worldwide.
This report studies the current and future aspects of offshore drilling rigs market.
The report on the global offshore drilling rigs market uses the top-down and bottom-up approaches to define, analyze, and describe the market trends for the next five years. The report also tracks the emerging applications, innovative technologies, and mergers & acquisitions.
It also focuses on the growth drivers and restraints for the key market players during the forecast period.
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On the basis of geography, the global offshore drilling rigs market is segmented into North America, Europe, Asia Pacific, Middle East & Africa and Latin America. The North America region holds the highest market share and is the largest revenue contributor of the offshore drilling rigs market.
The region will continue to dominate the global market during the forecasted period because of presence of large offshore drilling rigs. Next in line is the Europe region, which is witnessing a rapid market growth due to involvement of key market players in the region in developing the drilling technology.
This report analyzes the offshore drilling rigs market by the following segments:
- Offshore Drilling Market, by Type
- Jack Up Rigs
- Drill Ships
- Offshore Drilling Market, by Application
- Shallow Water Drilling
- Deep Water Drilling
- Ultra Deep Water Drilling
KEY MARKET PLAYERS
Key players in the offshore drilling rigs market include:
- Diamond Offshore
- Paragon Offshore
- Ocean Rig
- Nabors Industries Limited
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