Offshore Drilling Rigs Market size is expected to reach US$ 297.58 Bn. by 2029, growing at a CAGR of 11.25% during the forecast period.Offshore Drilling Rigs Market Dynamics
The progress of the offshore rigs market greatly depends on the growing exploration activities across the globe. The discoveries of oil and gas reserves in remote areas combined with rising technological advancements mostly in terms of equipment have made drilling operations much more viable and cost-effective. But current oil spill incidents and strict environment regulations on drilling activities can restrain the growth of offshore drilling rigs market.To know about the Research Methodology:-Request Free Sample Report Offshore drilling market are concerns of environmental influence of offshore drilling and threat to marine life. Also, the complications related to offshore drilling and extra cost required for activation of stacked rigs are probable to pose a threat for the expansion of global offshore drilling rigs market throughout the forecast period.
Offshore Drilling Rigs Market Segment Analysis
According to type, jack up rigs represents the leading segment regarding revenue. The jack up rigs segment is anticipated to represent xx % of the overall market by 2022. Expanding at a CAGR of xx% between 2022 and 2029, the jack up rigs segment is projected to be worth US$ xx Mn by the end of 2029 representing xx % of the overall market.Offshore Drilling Rigs Market Regional Insights
Geographically, Asia Pacific held the largest market share in 2022. There has been rise in demand for offshore oil and gas production to suffice the energy needs, particularly from the emerging countries. Furthermore, increasing fuel consumption is also driving the need for offshore drilling. Latin America is expected to be the largest market in the offshore drilling industry, followed by Asia-Pacific. The Asia-Pacific market is anticipated to lead the offshore drilling rigs market by the year 2022, with projected market size of $xx Million, followed by Latin America with $xx Million, and Africa with $xx Million. The report looks into key market segments and offers market size estimates and estimates of revenue contribution of each of the foremost segments over the forecast period. Following this, the report discusses industry statutes and industry policies that are in the purview of oil and gas exploration activities that market contributors need to observe to. This is followed by a market attractiveness analysis that is represented pictorially that existing as well as new market participants can leverage for business decision making. The objective of the report is to present a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, industry-validated market data and projections with a suitable set of assumptions and methodology. The report also helps in understanding global offshore drilling rigs market dynamics, structure by identifying and analyzing the market segments and project the global market size. Further, the report also focuses on the competitive analysis of key players by product, price, financial position, product portfolio, growth strategies, and regional presence. The report also provides PEST analysis, PORTER’s analysis, SWOT analysis to address the question of shareholders to prioritizing the efforts and investment in the near future to the emerging segment in global offshore drilling rigs market.Offshore Drilling Rigs Market Key Highlights:
• Global Offshore Drilling Rigs Market analysis and forecast, in terms of value. • Comprehensive study and analysis of market drivers, restraints and opportunities influencing the growth of the Global Offshore Drilling Rigs Market • Global Offshore Drilling Rigs Market segmentation on the basis of type, source, end-user, and region (country-wise) has been provided. • Global Offshore Drilling Rigs Market strategic analysis with respect to individual growth trends, future prospects along with the contribution of various sub-market stakeholders have been considered under the scope of study. • Global Offshore Drilling Rigs Market analysis and forecast for five major regions namely North America, Europe, Asia Pacific, the Middle East & Africa (MEA) and Latin America along with country-wise segmentation. • Profiles of key industry players, their strategic perspective, market positioning and analysis of core competencies are further profiled. • Competitive developments, investments, strategic expansion and competitive landscape of the key players operating in the Global Offshore Drilling Rigs Market are also profiled.Offshore Drilling Rigs Market: Inquire before buying
Offshore Drilling Rigs Market Report Coverage Details Base Year: 2022 Forecast Period: 2023-2029 Historical Data: 2017 to 2022 Market Size in 2022: US $ 141.09 Bn. Forecast Period 2023 to 2029 CAGR: 11.25% Market Size in 2029: US $ 297.58 Bn. Segments Covered: by Type • Jack up • Semi-Submersible • Drill Ships by Application • Shallow Water • Deep Water • Ultra Deep Water Offshore Drilling Rigs Market, by Region
• North America (United States, Canada and Mexico) • Europe (UK, France, Germany, Italy, Spain, Sweden, Austria and Rest of Europe) • Asia Pacific (China, South Korea, Japan, India, Australia, Indonesia, Malaysia, Vietnam, Taiwan, Bangladesh, Pakistan and Rest of APAC) • Middle East and Africa (South Africa, GCC, Egypt, Nigeria and Rest of ME&A) • South America (Brazil, Argentina Rest of South America)Offshore Drilling Rigs Market Key Players
• Aban Offshore Limited • Diamond Offshore Drilling Inc. • Ensco PLC • Hercules Offshore Inc. • KCA Deutag • China Oilfield Services Limited. • Maersk Drilling • Pacific Drilling • Seadrill Limited • Vantage Drilling • Atwood Oceanics • Nabors Industries Ltd • Rowan Companies PLC • Transocean Ltd. • Halliburton • Schlumberger • Weatherford International Inc • Seadrill • Aban Offshore Limited • Ensco plc Frequently Asked Questions: 1. Which region has the largest share in Global Offshore Drilling Rigs Market? Ans: Asia Pacific region held the highest share in 2022. 2. What is the growth rate of Global Offshore Drilling Rigs Market? Ans: The Global Offshore Drilling Rigs Market is growing at a CAGR of 11.25% during forecasting period 2023-2029. 3. What is scope of the Global Offshore Drilling Rigs Market report? Ans: Global Offshore Drilling Rigs Market report helps with the PESTEL, PORTER, COVID-19 Impact analysis, Recommendations for Investors & Leaders, and market estimation of the forecast period. 4. Who are the key players in Global Offshore Drilling Rigs Market? Ans: The important key players in the Global Offshore Drilling Rigs Market are – Aban Offshore Limited, Diamond Offshore Drilling Inc., Ensco PLC, Hercules Offshore Inc., KCA Deutag, China Oilfield Services Limited., Maersk Drilling, Pacific Drilling, Seadrill Limited, Vantage Drilling, Atwood Oceanics, Nabors Industries Ltd, Rowan Companies PLC, Transocean Ltd., Halliburton, Schlumberger, Weatherford International Inc, Seadrill, Aban Offshore Limited, Ensco plc, 5. What is the study period of this Market? Ans: The Global Offshore Drilling Rigs Market is studied from 2022 to 2029.
Global Offshore Drilling Rigs Market
1. Preface 1.1. Report Scope and Market Segmentation 1.2. Research Highlights 1.3. Research Objectives 2. Assumptions and Research Methodology 2.1. Report Assumptions 2.2. Abbreviations 2.3. Research Methodology 2.3.1. Secondary Research 2.3.1.1. Secondary data 2.3.1.2. Secondary Sources 2.3.2. Primary Research 2.3.2.1. Data from Primary Sources 2.3.2.2. Breakdown of Primary Sources 3. Executive Summary: Global Offshore Drilling Rigs Market, by Market Value (US$ Mn) 4. Market Overview 4.1. Introduction 4.2. Market Indicator 4.2.1. Drivers 4.2.2. Restraints 4.2.3. Opportunities 4.2.4. Challenges 4.3. Porter’s Analysis 4.4. Value Chain Analysis 4.5. Market Risk Analysis 4.6. SWOT Analysis 4.7. Global Offshore Drilling Rigs Market Industry Trends 4.8. Global Offshore Drilling Rigs Market Competitive Landscape 5. Supply Side and Demand Side Indicators 6. Global Offshore Drilling Rigs Market Analysis and Forecast 6.1. Global Offshore Drilling Rigs Market Size & Y-o-Y Growth Analysis 6.1.1. North America 6.1.2. Europe 6.1.3. Asia Pacific 6.1.4. Middle East & Africa 6.1.5. South America 7. Global Offshore Drilling Rigs Market Analysis and Forecast, by Type 7.1. Introduction and Definition 7.2. Key Findings 7.3. Global Offshore Drilling Rigs Market Value Share Analysis, by Type 7.4. Global Offshore Drilling Rigs Market Size (US$ Mn) Forecast, by Type 7.5. Global Offshore Drilling Rigs Market Analysis, by Type 7.6. Global Offshore Drilling Rigs Market Attractiveness Analysis, by Type 8. Global Offshore Drilling Rigs Market Analysis and Forecast, by Application 8.1. Introduction and Definition 8.2. Key Findings 8.3. Global Offshore Drilling Rigs Market Value Share Analysis, by Application 8.4. Global Offshore Drilling Rigs Market Size (US$ Mn) Forecast, by Application 8.5. Global Offshore Drilling Rigs Market Analysis, by Application 8.6. Global Offshore Drilling Rigs Market Attractiveness Analysis, by Application 9. Global Offshore Drilling Rigs Market Analysis, by Region 9.1. Global Offshore Drilling Rigs Market Value Share Analysis, by Region 9.2. Global Offshore Drilling Rigs Market Size (US$ Mn) Forecast, by Region 9.3. Global Offshore Drilling Rigs Market Attractiveness Analysis, by Region 10. North America Offshore Drilling Rigs Market Analysis 10.1. Key Findings 10.2. North America Offshore Drilling Rigs Market Overview 10.3. North America Offshore Drilling Rigs Market Value Share Analysis, by Type 10.4. North America Offshore Drilling Rigs Market Forecast, by Type 10.4.1. Jack up 10.4.2. Semi-Submersible 10.4.3. Drill Ships 10.5. North America Offshore Drilling Rigs Market Value Share Analysis, by Application 10.6. North America Offshore Drilling Rigs Market Forecast, by Application 10.6.1. Shallow Water 10.6.2. Deep Water 10.6.3. Ultra Deep Water 10.7. North America Offshore Drilling Rigs Market Value Share Analysis, by Country 10.8. North America Offshore Drilling Rigs Market Forecast, by Country 10.8.1. U.S. 10.8.2. Canada 10.9. North America Offshore Drilling Rigs Market Analysis, by Country 10.10. U.S. Offshore Drilling Rigs Market Forecast, by Type 10.10.1. Jack up 10.10.2. Semi-Submersible 10.10.3. Drill Ships 10.11. U.S. Offshore Drilling Rigs Market Forecast, by Application 10.11.1. Shallow Water 10.11.2. Deep Water 10.11.3. Ultra Deep Water 10.12. Canada Offshore Drilling Rigs Market Forecast, by Type 10.12.1. Jack up 10.12.2. Semi-Submersible 10.12.3. Drill Ships 10.13. Canada Offshore Drilling Rigs Market Forecast, by Application 10.13.1. Shallow Water 10.13.2. Deep Water 10.13.3. Ultra Deep Water 10.14. North America Offshore Drilling Rigs Market Attractiveness Analysis 10.14.1. By Type 10.14.2. By Application 10.15. PEST Analysis 10.16. Key Trends 10.17. Key Development 11. Europe Offshore Drilling Rigs Market Analysis 11.1. Key Findings 11.2. Europe Offshore Drilling Rigs Market Overview 11.3. Europe Offshore Drilling Rigs Market Value Share Analysis, by Type 11.4. Europe Offshore Drilling Rigs Market Forecast, by Type 11.4.1. Jack up 11.4.2. Semi-Submersible 11.4.3. Drill Ships 11.5. Europe Offshore Drilling Rigs Market Value Share Analysis, by Application 11.6. Europe Offshore Drilling Rigs Market Forecast, by Application 11.6.1. Shallow Water 11.6.2. Deep Water 11.6.3. Ultra Deep Water 11.7. Europe Offshore Drilling Rigs Market Value Share Analysis, by Country 11.8. Europe Offshore Drilling Rigs Market Forecast, by Country 11.8.1. Germany 11.8.2. U.K. 11.8.3. France 11.8.4. Italy 11.8.5. Spain 11.8.6. Rest of Europe 11.9. Europe Offshore Drilling Rigs Market Analysis, by Country 11.10. Germany Offshore Drilling Rigs Market Forecast, by Type 11.10.1. Jack up 11.10.2. Semi-Submersible 11.10.3. Drill Ships 11.11. Germany Offshore Drilling Rigs Market Forecast, by Application 11.11.1. Shallow Water 11.11.2. Deep Water 11.11.3. Ultra Deep Water 11.12. U.K. Offshore Drilling Rigs Market Forecast, by Type 11.12.1. Jack up 11.12.2. Semi-Submersible 11.12.3. Drill Ships 11.13. U.K. Offshore Drilling Rigs Market Forecast, by Application 11.13.1. Shallow Water 11.13.2. Deep Water 11.13.3. Ultra Deep Water 11.14. France Offshore Drilling Rigs Market Forecast, by Type 11.14.1. Jack up 11.14.2. Semi-Submersible 11.14.3. Drill Ships 11.15. France Offshore Drilling Rigs Market Forecast, by Application 11.15.1. Shallow Water 11.15.2. Deep Water 11.15.3. Ultra Deep Water 11.16. Italy Offshore Drilling Rigs Market Forecast, by Type 11.16.1. Jack up 11.16.2. Semi-Submersible 11.16.3. Drill Ships 11.17. Italy Offshore Drilling Rigs Market Forecast, by Application 11.17.1. Shallow Water 11.17.2. Deep Water 11.17.3. Ultra Deep Water 11.18. Spain Offshore Drilling Rigs Market Forecast, by Type 11.18.1. Jack up 11.18.2. Semi-Submersible 11.18.3. Drill Ships 11.19. Spain Offshore Drilling Rigs Market Forecast, by Application 11.19.1. Shallow Water 11.19.2. Deep Water 11.19.3. Ultra Deep Water 11.20. Rest of Europe Offshore Drilling Rigs Market Forecast, by Type 11.20.1. Jack up 11.20.2. Semi-Submersible 11.20.3. Drill Ships 11.21. Rest of Europe Offshore Drilling Rigs Market Forecast, by Application 11.21.1. Shallow Water 11.21.2. Deep Water 11.21.3. Ultra Deep Water 11.22. Europe Offshore Drilling Rigs Market Attractiveness Analysis 11.22.1. By Type 11.22.2. By Application 11.23. PEST Analysis 11.24. Key Trends 11.25. Key Development 12. Asia Pacific Offshore Drilling Rigs Market Analysis 12.1. Key Findings 12.2. Asia Pacific Offshore Drilling Rigs Market Overview 12.3. Asia Pacific Offshore Drilling Rigs Market Value Share Analysis, by Type 12.4. Asia Pacific Offshore Drilling Rigs Market Forecast, by Type 12.4.1. Jack up 12.4.2. Semi-Submersible 12.4.3. Drill Ships 12.5. Asia Pacific Offshore Drilling Rigs Market Value Share Analysis, by Application 12.6. Asia Pacific Offshore Drilling Rigs Market Forecast, by Application 12.6.1. Shallow Water 12.6.2. Deep Water 12.6.3. Ultra Deep Water 12.7. Asia Pacific Offshore Drilling Rigs Market Value Share Analysis, by Country 12.8. Asia Pacific Offshore Drilling Rigs Market Forecast, by Country 12.8.1. China 12.8.2. India 12.8.3. Japan 12.8.4. ASEAN 12.8.5. Rest of Asia Pacific 12.9. Asia Pacific Offshore Drilling Rigs Market Analysis, by Country 12.10. China Offshore Drilling Rigs Market Forecast, by Type 12.10.1. Jack up 12.10.2. Semi-Submersible 12.10.3. Drill Ships 12.11. China Offshore Drilling Rigs Market Forecast, by Application 12.11.1. Shallow Water 12.11.2. Deep Water 12.11.3. Ultra Deep Water 12.12. India Offshore Drilling Rigs Market Forecast, by Type 12.12.1. Jack up 12.12.2. Semi-Submersible 12.12.3. Drill Ships 12.13. India Offshore Drilling Rigs Market Forecast, by Application 12.13.1. Shallow Water 12.13.2. Deep Water 12.13.3. Ultra Deep Water 12.14. Japan Offshore Drilling Rigs Market Forecast, by Type 12.14.1. Jack up 12.14.2. Semi-Submersible 12.14.3. Drill Ships 12.15. Japan Offshore Drilling Rigs Market Forecast, by Application 12.15.1. Shallow Water 12.15.2. Deep Water 12.15.3. Ultra Deep Water 12.16. ASEAN Offshore Drilling Rigs Market Forecast, by Type 12.16.1. Jack up 12.16.2. Semi-Submersible 12.16.3. Drill Ships 12.17. ASEAN Offshore Drilling Rigs Market Forecast, by Application 12.17.1. Shallow Water 12.17.2. Deep Water 12.17.3. Ultra Deep Water 12.18. Rest of Asia Pacific Offshore Drilling Rigs Market Forecast, by Type 12.18.1. Jack up 12.18.2. Semi-Submersible 12.18.3. Drill Ships 12.19. Rest of Asia Pacific Offshore Drilling Rigs Market Forecast, by Application 12.19.1. Shallow Water 12.19.2. Deep Water 12.19.3. Ultra Deep Water 12.20. Asia Pacific Offshore Drilling Rigs Market Attractiveness Analysis 12.20.1. By Type 12.20.2. By Application 12.21. PEST Analysis 12.22. Key Trends 12.23. Key Development 13. Middle East & Africa Offshore Drilling Rigs Market Analysis 13.1. Key Findings 13.2. Middle East & Africa Offshore Drilling Rigs Market Overview 13.3. Middle East & Africa Offshore Drilling Rigs Market Value Share Analysis, by Type 13.4. Middle East & Africa Offshore Drilling Rigs Market Forecast, by Type 13.4.1. Jack up 13.4.2. Semi-Submersible 13.4.3. Drill Ships 13.5. Middle East & Africa Offshore Drilling Rigs Market Value Share Analysis, by Application 13.6. Middle East & Africa Offshore Drilling Rigs Market Forecast, by Application 13.6.1. Shallow Water 13.6.2. Deep Water 13.6.3. Ultra Deep Water 13.7. Middle East & Africa Offshore Drilling Rigs Market Value Share Analysis, by Country 13.8. Middle East & Africa Offshore Drilling Rigs Market Forecast, by Country 13.8.1. GCC 13.8.2. South Africa 13.8.3. Rest of Middle East & Africa 13.9. Middle East & Africa Offshore Drilling Rigs Market Analysis, by Country 13.10. GCC Offshore Drilling Rigs Market Forecast, by Type 13.10.1. Jack up 13.10.2. Semi-Submersible 13.10.3. Drill Ships 13.11. GCC Offshore Drilling Rigs Market Forecast, by Application 13.11.1. Shallow Water 13.11.2. Deep Water 13.11.3. Ultra Deep Water 13.12. South Africa Offshore Drilling Rigs Market Forecast, by Type 13.12.1. Jack up 13.12.2. Semi-Submersible 13.12.3. Drill Ships 13.13. South Africa Offshore Drilling Rigs Market Forecast, by Application 13.13.1. Shallow Water 13.13.2. Deep Water 13.13.3. Ultra Deep Water 13.14. Rest of Middle East & Africa Offshore Drilling Rigs Market Forecast, by Type 13.14.1. Jack up 13.14.2. Semi-Submersible 13.14.3. Drill Ships 13.15. Rest of Middle East & Africa Offshore Drilling Rigs Market Forecast, by Application 13.15.1. Shallow Water 13.15.2. Deep Water 13.15.3. Ultra Deep Water 13.16. Middle East & Africa Offshore Drilling Rigs Market Attractiveness Analysis 13.16.1. By Type 13.16.2. By Application 13.17. PEST Analysis 13.18. Key Trends 13.19. Key Development 14. South America Offshore Drilling Rigs Market Analysis 14.1. Key Findings 14.2. South America Offshore Drilling Rigs Market Overview 14.3. South America Offshore Drilling Rigs Market Value Share Analysis, by Type 14.4. South America Offshore Drilling Rigs Market Forecast, by Type 14.4.1. Jack up 14.4.2. Semi-Submersible 14.4.3. Drill Ships 14.5. South America Offshore Drilling Rigs Market Value Share Analysis, by Application 14.6. South America Offshore Drilling Rigs Market Forecast, by Application 14.6.1. Shallow Water 14.6.2. Deep Water 14.6.3. Ultra Deep Water 14.7. South America Offshore Drilling Rigs Market Value Share Analysis, by Country 14.8. South America Offshore Drilling Rigs Market Forecast, by Country 14.8.1. Brazil 14.8.2. Mexico 14.8.3. Rest of South America 14.9. South America Offshore Drilling Rigs Market Analysis, by Country 14.10. Brazil Offshore Drilling Rigs Market Forecast, by Type 14.10.1. Jack up 14.10.2. Semi-Submersible 14.10.3. Drill Ships 14.11. Brazil Offshore Drilling Rigs Market Forecast, by Application 14.11.1. Shallow Water 14.11.2. Deep Water 14.11.3. Ultra Deep Water 14.12. Mexico Offshore Drilling Rigs Market Forecast, by Type 14.12.1. Jack up 14.12.2. Semi-Submersible 14.12.3. Drill Ships 14.13. Mexico Offshore Drilling Rigs Market Forecast, by Application 14.13.1. Shallow Water 14.13.2. Deep Water 14.13.3. Ultra Deep Water 14.14. Rest of South America Offshore Drilling Rigs Market Forecast, by Type 14.14.1. Jack up 14.14.2. Semi-Submersible 14.14.3. Drill Ships 14.15. Rest of South America Offshore Drilling Rigs Market Forecast, by Application 14.15.1. Shallow Water 14.15.2. Deep Water 14.15.3. Ultra Deep Water 14.16. South America Offshore Drilling Rigs Market Attractiveness Analysis 14.16.1. By Type 14.16.2. By Application 14.17. PEST Analysis 14.18. Key Trends 14.19. Key Development 15. Company Profiles 15.1. Market Share Analysis, by Company 15.2. Competition Matrix 15.2.1. Competitive Benchmarking of key players by price, presence, market share, applications and R&D investment 15.2.2. New Product Launches and Product Enhancements 15.2.3. Market Consolidation 15.2.3.1. M&A by Regions, Investment and applications 15.2.3.2. M&A Key Players, Forward Integration and Backward 15.2.3.3. Integration 15.3. Company Profiles: Key Players 15.3.1. Aban Offshore Limited 15.3.1.1. Company Overview 15.3.1.2. Financial Overview 15.3.1.3. Product Portfolio 15.3.1.4. Business Strategy 15.3.1.5. Recent Developments 15.3.1.6. Company Footprint 15.3.2. Diamond Offshore Drilling Inc. 15.3.3. Ensco PLC 15.3.4. Hercules Offshore Inc. 15.3.5. KCA Deutag 15.3.6. China Oilfield Services Limited. 15.3.7. Maersk Drilling 15.3.8. Pacific Drilling 15.3.9. Seadrill Limited 15.3.10. Vantage Drilling 15.3.11. Atwood Oceanics 15.3.12. Nabors Industries Ltd 15.3.13. Noble Corporation 15.3.14. Rowan Companies PLC 15.3.15. Transocean Ltd. 15.3.16.Halliburton 15.3.17.Schlumberger 15.3.18.Weatherford International Inc 15.3.19.Seadrill 15.3.20.Aban Offshore Limited 15.3.21.Ensco plc 16. Primary Key Insights