Drillships Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2018 - 2028

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Drillships Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2018 - 2028

Status : July, 2020 | Energy & Mining | PPT format

Report Digest


Drillships Market: Overview 

The global drillships market is expected to expand at an impressive pace during the forecast period, thanks to the growing demands for oil across the globe. 

A drillship refers to a special merchant ship designed for offshore drilling in order to explore new oil and gas wells. Along with this, they are also used for several scientific drilling purposes. 

TMR Research has announced to add a report on drillship market in its vast repository. The report is expected to offer an in depth analysis on industry trend, that is anticipated to cover all the important market segments. Along with this, the report is expected to have all vital data that will help indicating growth and latest trend in the drillship market during the forecast period. 

Drillships Market: Notable Developments 

Some of the recent development in the drillships market are- 

One of the key aspects in the oilfield exploration is the have accurate data, therefore players are focusing towards the integration of advanced technologies such as big data in the drillships inorder to make oilfield exploration task relatively simpler and easier.

Key industry players in the drillahips market are focusing on organic growth strategies such as acquisitions and mergers, collaboration and business expansion in order to strengthen their market position.

Some of the most prominent competitors operating in the competitive landscape of global drillships market include –

  • Ensco Rowan Plc
  • Noble Corp. Plc
  • Diamond Offshore Drilling Inc
  • Samsung Heavy Industries Co. Ltd.
  • Transocean Ltd.

Drillships Market: Key Trends 

The global drillship market is projected to expand at remarkable pace in the coming few years.  The is mainly because of the heavy dependency of huge data sets for instance formation pressure, temperature, porosity and permeability of reservoir rocks in exploration of oil fields. This data help oil and gas E&P operators in make accurate decision thus contributing to improve the overall performance of operations. That’s one region oilfield drilling and mining industry is tending towards advanced equipment that has ability to process huge amounts of data and offers accurate results. The ability of drillship to integrate with advanced technologies is a prominent factor expected to drive the global drillships market. 

However, factors like growing emphasis of government towards renewable sources of energy and stringent regulatory law for import and export of drillships are the two factors expected to hinder growth in the drillships market during the coming few years. 

Nevertheless, factors like rapid expansion of urbanization and industrialization is poised to offer several lucrative opportunities for the growth of the global drillships market in the coming few years.  Along with this, rise in adoptiom of the advanced technology and ease provided drillships in oil fields exploration are some other factors expected to fuel the demand for drillships during the forecast period. 

Drillships Market: Regional Outlook 

The global drillship market can be segmented into Asia Pacific, North America, the Middle East and Africa, Europe and Latin America. Among all these regions, the Middle East and Africa is expected to hold maximum share in the global drillships market this mainly due to the vast availability of oil shore in the region. The region is highest producer of oil and oil based products in across the globe.

The study presents a granular assessment and quantitative evaluation of:

  • Key growth factors and prominent trends
  • Size and share of key segments in overall market
  • Key challenges and winning imperatives
  • Factors shaping competitive landscape
  • Insights into how contours of market will change in coming years
  • Technological advances
  • New avenues and imminent investment pockets
  • Regulatory landscape shaping current and future strategies of companies

The region-wise assessment includes market dynamics in:

  • North America
  • Asia Pacific
  • Europe
  • Latin America
  • The Middle East and Africa

The study is prepared with the help of an extensive primary and secondary research. Primary research includes but not limited to interactions, interviews, surveys, and events. Opinions of policy makers and industry experts are carefully integrated into the insights to complement primary research. Volumes of secondary data gleaned through renowned paid sources, annual statements, reputed journals, and government documents offer insights into current dynamics and key evolution trajectories the market is likely to assume. The research employs various industry-wide analytics methods and well-established methodologies to ascertain the attractiveness of key segments. Further, it evaluates the lucrativeness of key regions and factors underlying their maturity. The insights notably include a detailed analysis of forces behind vendor differentiation and offers insight into investment-decision making by prominent players.

The report strives to enlighten businesses and industry stakeholders on multiple facets of the growth dynamic of the market, the key of which include answers to:

  • Which key factors will shape the competitive landscape?
  • Which trends will stimulate research and development activities in different geographies?
  • Which are the lucrative growth areas and what is the size of potential they are likely contribute to the overall market?
  • Which disruptions in market growth are likely to come with the new business models?
  • Which are some of the recent overhauls in policies that may change the course of the market significantly?
  • Which are the geographies that will form sizable sources of new streams to new and established players alike?
  • How are top players likely to realign their strategy to counter the forces of competition?
  • Which key strategies emerging players are likely to focus on to consolidate their position?
  • Which changes in end-user preferences might affect the status quo held by the leading players?
  • Which are some of the game-changing innovations influencing the projected share and revenue of the market and its segments?

Note: Utmost care has invariably been taken to present data and arrive at statistics at all the TMR Research reports. Meanwhile, some recent developments and new industry trends may take time to be included in the reports.