Global Robotic Drilling Market in Oil and Gas Industry 2018-2022

Below are some of the key findings from this robotic drilling market in oil and gas industry analysis report

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Global robotic drilling market in oil and gas industry overview

The growing consumption of oil and natural gas is driving the global robotic drilling market in oil and gas industry. The rise in global population, industrialization, and urbanization, increases the need for transportation and energy, driving the consumption of oil and natural gas. Moreover, the drop in crude oil price is one of the factors driving its consumption, which increases the demand for robotic drilling, hence driving the market expansion.

Also, the increasing investment in renewable energy is positively impacting the global robotic drilling market in the oil and gas industry. The investment in renewable energy is growing rapidly because of the depletion of fossil fuel reserves and rising focus on the environment. Robotic drilling performs drilling operation to obtain renewable resources, which can be converted into renewable energy, hence increasing its demand and driving its market. The growing consumption of oil and natural gas coupled with the rising investment in renewable energy is driving the robotic drilling market growth in oil and gas industry at a CAGR of close to 7% during the forecast period.

Top robotic drilling companies in oil and gas industry covered in this report

The global robotic drilling market in oil and gas industry is highly concentrated. By offering a complete analysis of the market’s competitive landscape and with information on the products offered by the companies, this robotic drilling market in oil and gas industry analysis report will aid clients to identify new growth opportunities and design new growth strategies.

The report offers a detailed analysis of several leading robotic drilling companies in oil and gas industry, including:

• Huisman Equipment
• Nabors Industries
• RIGID ROBOTICS
• Siemens
• Teradyne

Robotic drilling market in oil and gas industry segmentation based on application

• Onshore
• Offshore

Based on application, the onshore segment held the largest share of the global robotic drilling market in oil and gas industry in 2017. The market share of this segment will increase, and it will continue to dominate the market throughout the next five years.

Robotic drilling market in oil and gas industry segmentation based on region

• The Americas
• APAC
• EMEA

The Americas accounted for the largest robotic drilling market share in oil and gas industry in 2017. This region will witness an increase in its market share and remain the market leader for the next five years.

Key highlights of the global robotic drilling market in oil and gas industry for the forecast years 2018-2022:

• CAGR of the market during the forecast period 2018-2022
• Detailed information on factors that will accelerate the growth of the robotic drilling market in oil and gas industry during the next five years
• Precise estimation of the global robotic drilling market size in oil and gas industry and its contribution to the parent market
• Accurate predictions on upcoming trends and changes in consumer behavior
• The growth of the robotic drilling market in oil and gas industry across the Americas, APAC, and EMEA
• A thorough analysis of the market’s competitive landscape and detailed information on several vendors
• Comprehensive details on factors that will challenge the growth of robotic drilling companies in oil and gas industry

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