The "Global Offshore Drilling Market 2020-2024" report has been added to ResearchAndMarkets.com's offering.
The offshore drilling market is poised to grow by $ 11.34 bn during 2020-2024 progressing at a CAGR of 6% during the forecast period.
The report on the offshore drilling market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
The report offers an up-to-date analysis regarding the current global market scenario, latest trends and drivers, and the overall market environment. The market is driven by the growth in demand for oil and natural gas, rise in deepwater and ultra-deepwater E&P activities and increase in global offshore rig count. In addition, growth in demand for oil and natural gas is anticipated to boost the growth of the market as well.
This study identifies the seizing of funding for E&P activities by World Bank as one of the prime reasons driving the offshore drilling market growth during the next few years. Also, declining costs of offshore projects and emergence of next-generation automated drilling rigs will lead to sizable demand in the market.
The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading offshore drilling market vendors that include Baker Hughes Co., China Oilfield Services Ltd., Halliburton Co., KCA Deutag Alpha Ltd., National Oilwell Varco Inc., Schlumberger Ltd., The Drilling Co. of 1972 AS, Transocean Ltd., Valaris Plc, and Weatherford International Plc.
Also, the offshore drilling market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage on all forthcoming growth opportunities.
Key Topics Covered:
Value chain analysis
Market segment analysis
Market size 2019
Market outlook: Forecast for 2019 - 2024
Five Forces Analysis
Five forces summary
Bargaining power of buyers
Bargaining power of suppliers
Threat of new entrants
Threat of substitutes
Threat of rivalry
Market Segmentation by Application
Comparison by Application
Shallow water - Market size and forecast 2019-2024
Deepwater - Market size and forecast 2019-2024
Ultra-deepwater - Market size and forecast 2019-2024
Market opportunity by Application
North America - Market size and forecast 2019-2024
APAC - Market size and forecast 2019-2024
Europe - Market size and forecast 2019-2024
MEA - Market size and forecast 2019-2024
South America - Market size and forecast 2019-2024
Key leading countries
Market opportunity by geography
Market positioning of vendors
Baker Hughes Co.
China Oilfield Services Ltd.
KCA Deutag Alpha Ltd.
National Oilwell Varco Inc.
The Drilling Co. of 1972 AS
Weatherford International Plc
For more information about this report visit https://www.researchandmarkets.com/r/g314mt
View source version on businesswire.com: https://www.businesswire.com/news/home/20201029005652/en/
Laura Wood, Senior Press Manager
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