Robot Drilling Market was valued at US$ 869.08 Mn in 2022 and is expected to reach US$ 1429.7 Mn at a CAGR of 7.37% during the forecast period. The report includes an analysis of the impact of COVID-19 lockdown on the revenue of market leaders, followers, and disruptors. Since the lockdown was implemented differently in various regions and countries; the impact of the same is also seen differently by regions and segments. The report has covered the current short-term and long-term impact on the market, and it would help the decision-makers to prepare the outline and strategies for companies by region.To know about the Research Methodology :- Request Free Sample Report
Robot Drilling Market Dynamics:
Robotic drilling is one of the most sought-after a substitute for the task of the manual drilling system. It is expected to become a significant feature of the next generations of drilling rigs and new drilling technical solutions. Global Robotic Drilling Market is estimated to witness lucrative growth over 2022-2029 thanks to growing consumption of oil & natural gas. The use of robotic drilling systems decreases the total involvement of people in unsafe drilling processes. Remote controlling of robotic drilling reduces human error. Also, it increases safety in drilling operations while improving time efficiency, thus fueling the demand for the robotic drilling market. On the flip side, the lack of interoperability of rig control systems may provide a challenge for robotic drilling market growth. Technical developments are likely to help mitigate this to a certain extent in the future. Likewise, The MMR report contains a detailed study of factors that will drive and restrain the growth of the robot drilling market globally.Robot Drilling Market Segment Analysis:
The MMR report covers the segments in the robot drilling market such as installation type, component, and application. By installation type, retrofit is expected to hold the largest xx% share in the robotic drilling market over the forecast period, thanks to increasing requirements to improve efficiency and safety of existing rigs. Based on application, the onshore segment is expected to grow at the highest CAGR of xx% during the forecast period. This growth is attributed to less complexity in the installation of drill floor automation systems compared to offshore rigs.Robot Drilling Market Regional Insights:
Geographically, North America accounted for the largest robot drilling market share of 7.37% in 2022, with a market value of US$ xx.57 Mn. The regional market is expected to register a CAGR of xx.45% during 2022-2029. This growth is because of the recent shale gas exploration in North America in recent years. The U.S. has the biggest robot drilling market in the world. As per the report of the Canadian government, oil production from Canada is expected to reach ~xx.10 mmbpd by 2022, and production is expected to upsurge from an offshore well placed in the West Orphan Basin, offshore Newfoundland, and Labrador. The Asia Pacific accounted for the second-highest market share of xx% in 2021. The economies in Asia-Pacific are continuously developing their oil & gas resources to meet their national production demand. China is dominating the APAC robot drilling market with a market size of US$ xx.18 Mn. in 2021 and will be US$ xx.05 Mn. in 2029, with a CAGR of xx.18% during the forecast period. Companies such as Precision Drilling, Nabors Drillmec, and Abraj Energy are involved in adopting sustainable strategies to gain competitive edges such as new product launches, product up-gradation, and collaborative agreements. The objective of the report is to present a comprehensive analysis of the Global Robot Drilling Market including all the stakeholders of the industry. The past and current status of the industry with forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that includes market leaders, followers and new entrants. PORTER, SVOR, PESTEL analysis with the potential impact of micro-economic factors of the market has been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers. The report also helps in understanding Global Robot Drilling Market dynamics, structure by analyzing the market segments and projects the Global Robot Drilling Market size. Clear representation of competitive analysis of key players by Application, price, financial position, Product portfolio, growth strategies, and regional presence in the Global Robot Drilling Market make the report investor’s guide.Robot Drilling Market Scope:Inquire before Buying
Global Robot Drilling Market Report Coverage Details Base Year: 2022 Forecast Period: 2023-2029 Historical Data: 2018 to 2022 Market Size in 2022: US $ 869.08 Mn. Forecast Period 2023 to 2029 CAGR: 7.37% Market Size in 2029: US $ 1429.7 Mn. Segments Covered: by Installation Type Retrofit New Builds Others by Component Hardware Software by Application Onshore Offshore Robot Drilling 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)Global Robot Drilling Market Key Players:
1.Nabors 2.Precision Drilling 3.Weatherford 4.Huisman 5.National Oilwell Varco 6.Drillmec 7.Sekal 8.Abraj Energy 9.Drillform Technical 10.Automated Rig Technologies 11.Rigarm 12.Ensign Energy Services 13.OthersFrequently Asked questions:
1. What is the market size of the Global Robot Drilling Market in 2022? Ans. The market size Global Robot Drilling Market in 2022 was US$ 869.08 Million. 2. What are the different segments of the Global Robot Drilling Market? Ans. The Global Robot Drilling Market is divided into Installation Type, Application and Component. 3. What is the study period of this market? Ans. The Global Robot Drilling Market will be studied from 2022 to 2029. 4. Which region is expected to hold the highest Global Robot Drilling Market share? Ans. The Asia Pacific dominates the market share in the market. 5. What is the Forecast Period of Global Robot Drilling Market? Ans. The Forecast Period of the market is 2023-2029 in the market.
Robot Drilling 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: Robot Drilling Market 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. Industry Trends and Emerging Technologies 5. Supply Side and Demand Side Indicators 6. Robot Drilling Market Analysis and Forecast 6.1. Robot Drilling Market Size & Y-o-Y Growth Analysis 6.1.1. North America 6.1.2. Europe 6.1.3. Asia Pacific 6.1.4. South America 7. Robot Drilling Market Analysis and Forecast, By Installation Type 7.1. Introduction and Definition 7.2. Key Findings 7.3. Robot Drilling Market Value Share Analysis, By Installation Type 7.4. Robot Drilling Market Size (US$ Bn) Forecast, By Installation Type 7.5. Robot Drilling Market Analysis, By Installation Type 7.6. Robot Drilling Market Attractiveness Analysis, By Installation Type 8. Robot Drilling Market Analysis and Forecast, By Component 8.1. Introduction and Definition 8.2. Key Findings 8.3. Robot Drilling Market Value Share Analysis, By Component 8.4. Robot Drilling Market Size (US$ Bn) Forecast, By Component 8.5. Robot Drilling Market Analysis, By Component 8.6. Robot Drilling Market Attractiveness Analysis, By Component 9. Robot Drilling Market Analysis and Forecast, By Application 9.1. Introduction and Definition 9.2. Key Findings 9.3. Robot Drilling Market Value Share Analysis, By Application 9.4. Robot Drilling Market Size (US$ Bn) Forecast, By Application 9.5. Robot Drilling Market Analysis, By Application 9.6. Robot Drilling Market Attractiveness Analysis, By Application 10. Robot Drilling Market Analysis, by Region 10.1. Robot Drilling Market Value Share Analysis, by Region 10.2. Robot Drilling Market Size (US$ Bn) Forecast, by Region 10.3. Robot Drilling Market Attractiveness Analysis, by Region 11. North America Robot Drilling Market Analysis 11.1. Key Findings 11.2. North America Robot Drilling Market Overview 11.3. North America Robot Drilling Market Value Share Analysis, By Installation Type 11.4. North America Robot Drilling Market Forecast, By Installation Type 11.4.1. Retrofit 11.4.2. New Build 11.4.3. Others 11.5. North America Robot Drilling Market Value Share Analysis, By Component 11.6. North America Robot Drilling Market Forecast, By Component 11.6.1. Hardware 11.6.2. Software 11.7. North America Robot Drilling Market Value Share Analysis, By Application 11.8. North America Robot Drilling Market Forecast, By Application 11.8.1. Onshore 11.8.2. Offshore 11.9. North America Robot Drilling Market Value Share Analysis, by Country 11.10. North America Robot Drilling Market Forecast, by Country 11.10.1. U.S. 11.10.2. Canada 11.11. North America Robot Drilling Market Analysis, by Country 11.12. U.S. Robot Drilling Market Forecast, By Installation Type 11.12.1. Retrofit 11.12.2. New Build 11.12.3. Others 11.13. U.S. Robot Drilling Market Forecast, By Component 11.13.1. Hardware 11.13.2. Software 11.14. U.S. Robot Drilling Market Forecast, By Application 11.14.1. Onshore 11.14.2. Offshore 11.15. Canada Robot Drilling Market Forecast, By Installation Type 11.15.1. Retrofit 11.15.2. New Build 11.15.3. Others 11.16. Canada Robot Drilling Market Forecast, By Component 11.16.1. Hardware 11.16.2. Software 11.17. Canada Robot Drilling Market Forecast, By Application 11.17.1. Onshore 11.17.2. Offshore 11.18. North America Robot Drilling Market Attractiveness Analysis 11.18.1. By Installation Type 11.18.2. By Component 11.18.3. By Application 11.19. PEST Analysis 11.20. Key Trends 11.21. Key Developments 12. Europe Robot Drilling Market Analysis 12.1. Key Findings 12.2. Europe Robot Drilling Market Overview 12.3. Europe Robot Drilling Market Value Share Analysis, By Installation Type 12.4. Europe Robot Drilling Market Forecast, By Installation Type 12.4.1. Retrofit 12.4.2. New Build 12.4.3. Others 12.5. Europe Robot Drilling Market Value Share Analysis, By Component 12.6. Europe Robot Drilling Market Forecast, By Component 12.6.1. Hardware 12.6.2. Software 12.7. Europe Robot Drilling Market Value Share Analysis, By Application 12.8. Europe Robot Drilling Market Forecast, By Application 12.8.1. Onshore 12.8.2. Offshore 12.9. Europe Robot Drilling Market Value Share Analysis, by Country 12.10. Europe Robot Drilling Market Forecast, by Country 12.10.1. Germany 12.10.2. U.K. 12.10.3. France 12.10.4. Italy 12.10.5. Spain 12.10.6. Russia 12.10.7. Norway 12.10.8. Rest of Europe 12.11. Europe Robot Drilling Market Analysis, by Country 12.12. Germany Robot Drilling Market Forecast, By Installation Type 12.12.1. Retrofit 12.12.2. New Build 12.12.3. Others 12.13. Germany Robot Drilling Market Forecast, By Component 12.13.1. Hardware 12.13.2. Software 12.14. Germany Robot Drilling Market Forecast, By Application 12.14.1. Onshore 12.14.2. Offshore 12.15. U.K. Robot Drilling Market Forecast, By Installation Type 12.15.1. Retrofit 12.15.2. New Build 12.15.3. Others 12.16. U.K. Robot Drilling Market Forecast, By Component 12.16.1. Hardware 12.16.2. Software 12.17. U.K. Robot Drilling Market Forecast, By Application 12.17.1. Onshore 12.17.2. Offshore 12.18. France Robot Drilling Market Forecast, By Installation Type 12.18.1. Retrofit 12.18.2. New Build 12.18.3. Others 12.19. France Robot Drilling Market Forecast, By Component 12.19.1. Hardware 12.19.2. Software 12.20. France Robot Drilling Market Forecast, By Application 12.20.1. Onshore 12.20.2. Offshore 12.21. Italy Robot Drilling Market Forecast, By Installation Type 12.21.1. Retrofit 12.21.2. New Build 12.21.3. Others 12.22. Italy Robot Drilling Market Forecast, By Component 12.22.1. Hardware 12.22.2. Software 12.23. Italy Robot Drilling Market Forecast, By Application 12.23.1. Onshore 12.23.2. Offshore 12.24. Spain Robot Drilling Market Forecast, By Installation Type 12.24.1. Retrofit 12.24.2. New Build 12.24.3. Others 12.25. Spain Robot Drilling Market Forecast, By Component 12.25.1. Hardware 12.25.2. Software 12.26. Spain Robot Drilling Market Forecast, By Application 12.26.1. Onshore 12.26.2. Offshore 12.27. Russia Robot Drilling Market Forecast, By Installation Type 12.27.1. Retrofit 12.27.2. New Build 12.27.3. Others 12.28. Russia Robot Drilling Market Forecast, By Component 12.28.1. Hardware 12.28.2. Software 12.29. Russia Robot Drilling Market Forecast, By Application 12.29.1. Onshore 12.29.2. Offshore 12.30. Norway Robot Drilling Market Forecast, By Installation Type 12.30.1. Retrofit 12.30.2. New Build 12.30.3. Others 12.31. Norway Robot Drilling Market Forecast, By Component 12.31.1. Hardware 12.31.2. Software 12.32. Norway Robot Drilling Market Forecast, By Application 12.32.1. Onshore 12.32.2. Offshore 12.33. Rest of Europe Robot Drilling Market Forecast, By Installation Type 12.33.1. Retrofit 12.33.2. New Build 12.33.3. Others 12.34. Rest of Europe Robot Drilling Market Forecast, By Component 12.34.1. Hardware 12.34.2. Software 12.35. Rest of Europe Robot Drilling Market Forecast, By Application 12.35.1. Onshore 12.35.2. Offshore 12.36. Europe Robot Drilling Market Attractiveness Analysis 12.36.1. By Installation Type 12.36.2. By Component 12.36.3. By Application 12.37. PEST Analysis 12.38. Key Trends 12.39. Key Developments 13. Asia Pacific Robot Drilling Market Analysis 13.1. Key Findings 13.2. Asia Pacific Robot Drilling Market Overview 13.3. Asia Pacific Robot Drilling Market Value Share Analysis, By Installation Type 13.4. Asia Pacific Robot Drilling Market Forecast, By Installation Type 13.4.1. Retrofit 13.4.2. New Build 13.4.3. Others 13.5. Asia Pacific Robot Drilling Market Value Share Analysis, By Component 13.6. Asia Pacific Robot Drilling Market Forecast, By Component 13.6.1. Hardware 13.6.2. Software 13.7. Asia Pacific Robot Drilling Market Value Share Analysis, By Application 13.8. Asia Pacific Robot Drilling Market Forecast, By Application 13.8.1. Onshore 13.8.2. Offshore 13.9. Asia Pacific Robot Drilling Market Value Share Analysis, By Application 13.10. Asia Pacific Robot Drilling Market Value Share Analysis, by Country 13.11. Asia Pacific Robot Drilling Market Forecast, by Country 13.11.1. China 13.11.2. India 13.11.3. Japan 13.11.4. South Korea 13.11.5. Australia 13.11.6. Indonesia 13.11.7. Malaysia 13.11.8. Rest of Asia Pacific 13.12. Asia Pacific Robot Drilling Market Analysis, by Country 13.13. China Robot Drilling Market Forecast, By Installation Type 13.13.1. Retrofit 13.13.2. New Build 13.13.3. Others 13.14. China Robot Drilling Market Forecast, By Component 13.14.1. Hardware 13.14.2. Software 13.15. China Robot Drilling Market Forecast, By Application 13.15.1. Onshore 13.15.2. Offshore 13.16. India Robot Drilling Market Forecast, By Installation Type 13.16.1. Retrofit 13.16.2. New Build 13.16.3. Others 13.17. India Robot Drilling Market Forecast, By Component 13.17.1. Hardware 13.17.2. Software 13.18. India Robot Drilling Market Forecast, By Application 13.18.1. Onshore 13.18.2. Offshore 13.19. Japan Robot Drilling Market Forecast, By Installation Type 13.19.1. Retrofit 13.19.2. New Build 13.19.3. Others 13.20. Japan Robot Drilling Market Forecast, By Component 13.20.1. Hardware 13.20.2. Software 13.21. Japan Robot Drilling Market Forecast, By Application 13.21.1. Onshore 13.21.2. Offshore 13.22. South Korea Robot Drilling Market Forecast, By Installation Type 13.22.1. Retrofit 13.22.2. New Build 13.22.3. Others 13.23. South Korea Robot Drilling Market Forecast, By Component 13.23.1. Hardware 13.23.2. Software 13.24. South Korea Robot Drilling Market Forecast, By Application 13.24.1. Onshore 13.24.2. Offshore 13.25. Australia Robot Drilling Market Forecast, By Installation Type 13.25.1. Retrofit 13.25.2. New Build 13.25.3. Others 13.26. Australia Robot Drilling Market Forecast, By Component 13.26.1. Hardware 13.26.2. Software 13.27. Australia Robot Drilling Market Forecast, By Application 13.27.1. Onshore 13.27.2. Offshore 13.28. Indonesia Robot Drilling Market Forecast, By Installation Type 13.28.1. Retrofit 13.28.2. New Build 13.28.3. Others 13.29. Indonesia Robot Drilling Market Forecast, By Component 13.29.1. Hardware 13.29.2. Software 13.30. Indonesia Robot Drilling Market Forecast, By Application 13.30.1. Onshore 13.30.2. Offshore 13.31. Malaysia Robot Drilling Market Forecast, By Installation Type 13.31.1. Retrofit 13.31.2. New Build 13.31.3. Others 13.32. Malaysia Robot Drilling Market Forecast, By Component 13.32.1. Hardware 13.32.2. Software 13.33. Malaysia Robot Drilling Market Forecast, By Application 13.33.1. Onshore 13.33.2. Offshore 13.34. Rest of Asia Pacific Robot Drilling Market Forecast, By Installation Type 13.34.1. Retrofit 13.34.2. New Build 13.34.3. Others 13.35. Rest of Asia Pacific Robot Drilling Market Forecast, By Component 13.35.1. Hardware 13.35.2. Software 13.36. Rest of Asia Pacific Robot Drilling Market Forecast, By Vertical 13.36.1. Onshore 13.36.2. Offshore 13.37. Asia Pacific Robot Drilling Market Attractiveness Analysis 13.37.1. By Installation Type 13.37.2. By Component 13.37.3. By Application 13.38. PEST Analysis 13.39. Key Trends 13.40. Key Developments 14. South America Robot Drilling Market Analysis 14.1. Key Findings 14.2. South America Robot Drilling Market Overview 14.3. South America Robot Drilling Market Value Share Analysis, By Installation Type 14.4. South America Robot Drilling Market Forecast, By Installation Type 14.4.1. Retrofit 14.4.2. New Build 14.4.3. Others 14.5. South America Robot Drilling Market Value Share Analysis, By Component 14.6. South America Robot Drilling Market Forecast, By Component 14.6.1. Hardware 14.6.2. Software 14.7. South America Robot Drilling Market Value Share Analysis, By Application 14.8. South America Robot Drilling Market Forecast, By Application 14.8.1. Onshore 14.8.2. Offshore 14.9. South America Robot Drilling Market Value Share Analysis, By Application 14.10. South America Robot Drilling Market Value Share Analysis, by Country 14.11. South America Robot Drilling Market Forecast, by Country 14.11.1. Brazil 14.11.2. Mexico 14.11.3. Argentina 14.11.4. Rest of South America 14.12. South America Robot Drilling Market Analysis, by Country 14.13. Brazil Robot Drilling Market Forecast, By Installation Type 14.13.1. Retrofit 14.13.2. New Build 14.13.3. Others 14.14. Brazil Robot Drilling Market Forecast, By Component 14.14.1. Hardware 14.14.2. Software 14.15. Brazil Robot Drilling Market Forecast, By Application 14.15.1. Onshore 14.15.2. Offshore 14.16. Mexico Robot Drilling Market Forecast, By Installation Type 14.16.1. Retrofit 14.16.2. New Build 14.16.3. Others 14.17. Mexico Robot Drilling Market Forecast, By Component 14.17.1. Hardware 14.17.2. Software 14.18. Mexico Robot Drilling Market Forecast, By Application 14.18.1. Onshore 14.18.2. Offshore 14.19. Argentina Robot Drilling Market Forecast, By Installation Type 14.19.1. Retrofit 14.19.2. New Build 14.19.3. Others 14.20. Argentina Robot Drilling Market Forecast, By Component 14.20.1. Hardware 14.20.2. Software 14.21. Argentina Robot Drilling Market Forecast, By Application 14.21.1. Onshore 14.21.2. Offshore 14.22. Rest of South America Robot Drilling Market Forecast, By Installation Type 14.22.1. Retrofit 14.22.2. New Build 14.22.3. Others 14.23. Rest of South America Robot Drilling Market Forecast, By Component 14.23.1. Hardware 14.23.2. Software 14.24. Rest of South America Robot Drilling Market Forecast, By Application 14.24.1. Onshore 14.24.2. Offshore 14.25. South America Robot Drilling Market Attractiveness Analysis 14.25.1. By Installation Type 14.25.2. By Component 14.25.3. By Application 14.26. PEST Analysis 14.27. Key Trends 14.28. Key Developments 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 Integration 15.3. Company Profiles: Key Players 15.3.1. Nabors (U.S) 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. Development Footprint 15.3.2. Precision Drilling (Canada) 15.3.3. Weatherford (Switzerland) 15.3.4. Huisman (The Netherlands) 15.3.5. National Oilwell Varco (U.S) 15.3.6. Drillmec 15.3.7. Sekal 15.3.8. Abraj Energy 15.3.9. Drillform Technical 15.3.10. Automated Rig Technologies 15.3.11. RIgarm 15.3.12. Ensign Energy Services Primary key Insights