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Robotic Drilling - Global Market Outlook (2020-2028)

June 2021 | 150 pages | ID: R163B601318EN
Stratistics Market Research Consulting

US$ 4,150.00

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According to Stratistics MRC, the Global Robotic Drilling Market is accounted for $799.03 million in 2020 and is expected to reach $1,603.83 million by 2028 growing at a CAGR of 9.1% during the forecast period. Factors such as improved operational efficiency and less human intervention, increasing adoption of automated systems in oil and gas industries, coupled with focus on lower intervention of humans during the extraction process on account of safety concerns, and increasing development of unconventional hydrocarbon resources, coupled with increasing consumption of oil and natural gas are driving the market growth. However, interoperability of rig control systems may hamper the market growth.

Robotic drilling is an automation system developed for drilling operations in the oil & gas industry. This system offers benefits to the oil & gas industry such as less drilling times, safer operations, mass production, multi-sensor measurements, high drilling capacity, and more predictability than human driven rigs. The robotic drilling is the best alternative to manual drilling. It can be integrated into new or existing onshore and offshore installation.

Based on the application, the onshore segment is expected to grow at the significant rate during the forecast period, due to increased onshore exploration activity worldwide. The installation of drill floor automation in onshore rigs is less complex compared to offshore rigs. Globally ~70% of the oil and gas production takes place at onshore oil and gas fields. These fields require less capital investment in comparison with offshore fields and the costs related to automation in these fields are relatively low. Formations in onshore wells are more stable during the drilling process than those in offshore; therefore, the adoption of automation in such areas is faster for improving the drilling efficiency. The US and China with vast onshore reserves present ample opportunities for the providers of onshore robotic drilling systems.

By geography, the North America region is expected to have considerable market growth during the forecast period, owing to the rise in the shale gas production and the higher safety and efficiency norms provided by drilling contractors. Exploration in Gulf of Mexico is also on rise further complimenting the robotic drilling systems market in the region. According to the Canadian government report published in 2018, oil production from Canada is anticipated to reach 4.5 mmbpd by 2020, and production is expected to increase from an offshore well situated in the West Orphan Basin, offshore Newfoundland, and Labrador, which is estimated to hold 25.5 bbl of oil and 20.6 tcf of gas. As a result of higher oil prices and declining drilling cost, the offshore rig count and offshore oil production in the United States has increased significantly, indicating growing offshore drilling which is expected to be the major driver for the robotic drilling market in the country.

Some of the key players profiled in the Robotic Drilling Market include National Oilwell Varco, Inc., Weatherford International, Nabors Industries Ltd., Sekal AS, Drillmec Inc., Abraj Energy Services, Huisman Equipment B.V., Drillform Technical Services Ltd., Automated Rig Technologies Ltd., Ensign Energy Services Inc., Precision Drilling Corporation, and Rigarm Inc.

Installations Covered:
  • New Builds
  • Retrofit
Components Covered:
  • Software
  • Hardware
Sales Channels Covered:
  • Distributor
  • Direct Sales
Applications Covered:
  • Offshore
  • Onshore
Regions Covered:
  • North America
    • US
    • Canada
    • Mexico
  • Europe
    • Germany
    • UK
    • Italy
    • France
    • Spain
    • Rest of Europe
  • Asia Pacific
    • Japan
    • China
    • India
    • Australia
    • New Zealand
    • South Korea
    • Rest of Asia Pacific
  • South America
    • Argentina
    • Brazil
    • Chile
    • Rest of South America
  • Middle East & Africa
    • Saudi Arabia
    • UAE
    • Qatar
    • South Africa
    • Rest of Middle East & Africa
What our report offers:
  • Market share assessments for the regional and country-level segments
  • Strategic recommendations for the new entrants
  • Covers Market data for the years 2019, 2020, 2021, 2025 and 2028
  • Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
  • Strategic recommendations in key business segments based on the market estimations
  • Competitive landscaping mapping the key common trends
  • Company profiling with detailed strategies, financials, and recent developments
  • Supply chain trends mapping the latest technological advancements
Free Customization Offerings:

All the customers of this report will be entitled to receive one of the following free customization options:
  • Company Profiling
        • Comprehensive profiling of additional market players (up to 3)
        • SWOT Analysis of key players (up to 3)
  • Regional Segmentation
    • Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
  • Competitive Benchmarking
    • Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances
1 EXECUTIVE SUMMARY

2 PREFACE

2.1 Abstract
2.2 Stake Holders
2.3 Research Scope
2.4 Research Methodology
  2.4.1 Data Mining
  2.4.2 Data Analysis
  2.4.3 Data Validation
  2.4.4 Research Approach
2.5 Research Sources
  2.5.1 Primary Research Sources
  2.5.2 Secondary Research Sources
  2.5.3 Assumptions

3 MARKET TREND ANALYSIS

3.1 Introduction
3.2 Drivers
3.3 Restraints
3.4 Opportunities
3.5 Threats
3.6 Application Analysis
3.7 Emerging Markets
3.8 Impact of Covid-19

4 PORTERS FIVE FORCE ANALYSIS

4.1 Bargaining power of suppliers
4.2 Bargaining power of buyers
4.3 Threat of substitutes
4.4 Threat of new entrants
4.5 Competitive rivalry

5 GLOBAL ROBOTIC DRILLING MARKET, BY INSTALLATION

5.1 Introduction
5.2 New Builds
5.3 Retrofit

6 GLOBAL ROBOTIC DRILLING MARKET, BY COMPONENT

6.1 Introduction
6.2 Software
6.3 Hardware

7 GLOBAL ROBOTIC DRILLING MARKET, BY SALES CHANNEL

7.1 Introduction
7.2 Distributor
7.3 Direct Sales

8 GLOBAL ROBOTIC DRILLING MARKET, BY APPLICATION

8.1 Introduction
8.2 Offshore
8.3 Onshore

9 GLOBAL ROBOTIC DRILLING MARKET, BY GEOGRAPHY

9.1 Introduction
9.2 North America
  9.2.1 US
  9.2.2 Canada
  9.2.3 Mexico
9.3 Europe
  9.3.1 Germany
  9.3.2 UK
  9.3.3 Italy
  9.3.4 France
  9.3.5 Spain
  9.3.6 Rest of Europe
9.4 Asia Pacific
  9.4.1 Japan
  9.4.2 China
  9.4.3 India
  9.4.4 Australia
  9.4.5 New Zealand
  9.4.6 South Korea
  9.4.7 Rest of Asia Pacific
9.5 South America
  9.5.1 Argentina
  9.5.2 Brazil
  9.5.3 Chile
  9.5.4 Rest of South America
9.6 Middle East & Africa
  9.6.1 Saudi Arabia
  9.6.2 UAE
  9.6.3 Qatar
  9.6.4 South Africa
  9.6.5 Rest of Middle East & Africa

10 KEY DEVELOPMENTS

10.1 Agreements, Partnerships, Collaborations and Joint Ventures
10.2 Acquisitions & Mergers
10.3 New Product Launch
10.4 Expansions
10.5 Other Key Strategies

11 COMPANY PROFILING

11.1 National Oilwell Varco, Inc.
11.2 Weatherford International Rigarm
11.3 Nabors Industries Ltd.
11.4 Sekal AS
11.5 Drillmec Inc.
11.6 Abraj Energy Services
11.7 Huisman Equipment B.V.
11.8 Drillform Technical Services Ltd.
11.9 Automated Rig Technologies Ltd.
11.10 Ensign Energy Services Inc.
11.11 Precision Drilling Corporation
11.12 Rigarm Inc.

LIST OF TABLES

Table 1 Global Robotic Drilling Market Outlook, By Region (2019-2028) ($MN)
Table 2 Global Robotic Drilling Market Outlook, By Installation (2019-2028) ($MN)
Table 3 Global Robotic Drilling Market Outlook, By New Builds (2019-2028) ($MN)
Table 4 Global Robotic Drilling Market Outlook, By Retrofit (2019-2028) ($MN)
Table 5 Global Robotic Drilling Market Outlook, By Component (2019-2028) ($MN)
Table 6 Global Robotic Drilling Market Outlook, By Software (2019-2028) ($MN)
Table 7 Global Robotic Drilling Market Outlook, By Hardware (2019-2028) ($MN)
Table 8 Global Robotic Drilling Market Outlook, By Sales Channel (2019-2028) ($MN)
Table 9 Global Robotic Drilling Market Outlook, By Distributor (2019-2028) ($MN)
Table 10 Global Robotic Drilling Market Outlook, By Direct Sales (2019-2028) ($MN)
Table 11 Global Robotic Drilling Market Outlook, By Application (2019-2028) ($MN)
Table 12 Global Robotic Drilling Market Outlook, By Offshore (2019-2028) ($MN)
Table 13 Global Robotic Drilling Market Outlook, By Onshore (2019-2028) ($MN)
Table 14 North America Robotic Drilling Market Outlook, By Country (2019-2028) ($MN)
Table 15 North America Robotic Drilling Market Outlook, By Installation (2019-2028) ($MN)
Table 16 North America Robotic Drilling Market Outlook, By New Builds (2019-2028) ($MN)
Table 17 North America Robotic Drilling Market Outlook, By Retrofit (2019-2028) ($MN)
Table 18 North America Robotic Drilling Market Outlook, By Component (2019-2028) ($MN)
Table 19 North America Robotic Drilling Market Outlook, By Software (2019-2028) ($MN)
Table 20 North America Robotic Drilling Market Outlook, By Hardware (2019-2028) ($MN)
Table 21 North America Robotic Drilling Market Outlook, By Sales Channel (2019-2028) ($MN)
Table 22 North America Robotic Drilling Market Outlook, By Distributor (2019-2028) ($MN)
Table 23 North America Robotic Drilling Market Outlook, By Direct Sales (2019-2028) ($MN)
Table 24 North America Robotic Drilling Market Outlook, By Application (2019-2028) ($MN)
Table 25 North America Robotic Drilling Market Outlook, By Offshore (2019-2028) ($MN)
Table 26 North America Robotic Drilling Market Outlook, By Onshore (2019-2028) ($MN)
Table 27 Europe Robotic Drilling Market Outlook, By Country (2019-2028) ($MN)
Table 28 Europe Robotic Drilling Market Outlook, By Installation (2019-2028) ($MN)
Table 29 Europe Robotic Drilling Market Outlook, By New Builds (2019-2028) ($MN)
Table 30 Europe Robotic Drilling Market Outlook, By Retrofit (2019-2028) ($MN)
Table 31 Europe Robotic Drilling Market Outlook, By Component (2019-2028) ($MN)
Table 32 Europe Robotic Drilling Market Outlook, By Software (2019-2028) ($MN)
Table 33 Europe Robotic Drilling Market Outlook, By Hardware (2019-2028) ($MN)
Table 34 Europe Robotic Drilling Market Outlook, By Sales Channel (2019-2028) ($MN)
Table 35 Europe Robotic Drilling Market Outlook, By Distributor (2019-2028) ($MN)
Table 36 Europe Robotic Drilling Market Outlook, By Direct Sales (2019-2028) ($MN)
Table 37 Europe Robotic Drilling Market Outlook, By Application (2019-2028) ($MN)
Table 38 Europe Robotic Drilling Market Outlook, By Offshore (2019-2028) ($MN)
Table 39 Europe Robotic Drilling Market Outlook, By Onshore (2019-2028) ($MN)
Table 40 Asia Pacific Robotic Drilling Market Outlook, By Country (2019-2028) ($MN)
Table 41 Asia Pacific Robotic Drilling Market Outlook, By Installation (2019-2028) ($MN)
Table 42 Asia Pacific Robotic Drilling Market Outlook, By New Builds (2019-2028) ($MN)
Table 43 Asia Pacific Robotic Drilling Market Outlook, By Retrofit (2019-2028) ($MN)
Table 44 Asia Pacific Robotic Drilling Market Outlook, By Component (2019-2028) ($MN)
Table 45 Asia Pacific Robotic Drilling Market Outlook, By Software (2019-2028) ($MN)
Table 46 Asia Pacific Robotic Drilling Market Outlook, By Hardware (2019-2028) ($MN)
Table 47 Asia Pacific Robotic Drilling Market Outlook, By Sales Channel (2019-2028) ($MN)
Table 48 Asia Pacific Robotic Drilling Market Outlook, By Distributor (2019-2028) ($MN)
Table 49 Asia Pacific Robotic Drilling Market Outlook, By Direct Sales (2019-2028) ($MN)
Table 50 Asia Pacific Robotic Drilling Market Outlook, By Application (2019-2028) ($MN)
Table 51 Asia Pacific Robotic Drilling Market Outlook, By Offshore (2019-2028) ($MN)
Table 52 Asia Pacific Robotic Drilling Market Outlook, By Onshore (2019-2028) ($MN)
Table 53 South America Robotic Drilling Market Outlook, By Country (2019-2028) ($MN)
Table 54 South America Robotic Drilling Market Outlook, By Installation (2019-2028) ($MN)
Table 55 South America Robotic Drilling Market Outlook, By New Builds (2019-2028) ($MN)
Table 56 South America Robotic Drilling Market Outlook, By Retrofit (2019-2028) ($MN)
Table 57 South America Robotic Drilling Market Outlook, By Component (2019-2028) ($MN)
Table 58 South America Robotic Drilling Market Outlook, By Software (2019-2028) ($MN)
Table 59 South America Robotic Drilling Market Outlook, By Hardware (2019-2028) ($MN)
Table 60 South America Robotic Drilling Market Outlook, By Sales Channel (2019-2028) ($MN)
Table 61 South America Robotic Drilling Market Outlook, By Distributor (2019-2028) ($MN)
Table 62 South America Robotic Drilling Market Outlook, By Direct Sales (2019-2028) ($MN)
Table 63 South America Robotic Drilling Market Outlook, By Application (2019-2028) ($MN)
Table 64 South America Robotic Drilling Market Outlook, By Offshore (2019-2028) ($MN)
Table 65 South America Robotic Drilling Market Outlook, By Onshore (2019-2028) ($MN)
Table 66 Middle East & Africa Robotic Drilling Market Outlook, By Country (2019-2028) ($MN)
Table 67 Middle East & Africa Robotic Drilling Market Outlook, By Installation (2019-2028) ($MN)
Table 68 Middle East & Africa Robotic Drilling Market Outlook, By New Builds (2019-2028) ($MN)
Table 69 Middle East & Africa Robotic Drilling Market Outlook, By Retrofit (2019-2028) ($MN)
Table 70 Middle East & Africa Robotic Drilling Market Outlook, By Component (2019-2028) ($MN)
Table 71 Middle East & Africa Robotic Drilling Market Outlook, By Software (2019-2028) ($MN)
Table 72 Middle East & Africa Robotic Drilling Market Outlook, By Hardware (2019-2028) ($MN)
Table 73 Middle East & Africa Robotic Drilling Market Outlook, By Sales Channel (2019-2028) ($MN)
Table 74 Middle East & Africa Robotic Drilling Market Outlook, By Distributor (2019-2028) ($MN)
Table 75 Middle East & Africa Robotic Drilling Market Outlook, By Direct Sales (2019-2028) ($MN)
Table 76 Middle East & Africa Robotic Drilling Market Outlook, By Application (2019-2028) ($MN)
Table 77 Middle East & Africa Robotic Drilling Market Outlook, By Offshore (2019-2028) ($MN)
Table 78 Middle East & Africa Robotic Drilling Market Outlook, By Onshore (2019-2028) ($MN)


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