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PUBLISHER: TechNavio | PRODUCT CODE: 1450082
PUBLISHER: TechNavio | PRODUCT CODE: 1450082
Global Offshore Drilling Market 2024-2028
PUBLISHED:
PAGES: 175 Pages
DELIVERY TIME: 1-2 business days
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The offshore drilling market is forecasted to grow by USD 8.18 bn during 2023-2028, accelerating at a CAGR of 4.42% 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 market scenario, the latest trends and drivers, and the overall market environment. The market is driven by growth in demand for oil and natural gas, rise in deepwater and ultra-deepwater e and p activities, and rise in unconventional oil and gas resources.
Technavio's offshore drilling market is segmented as below:
| Market Scope | |
|---|---|
| Base Year | 2024 |
| End Year | 2028 |
| Series Year | 2024-2028 |
| Growth Momentum | Accelerate |
| YOY 2024 | 4.3% |
| CAGR | 4.42% |
| Incremental Value | $8.18bn |
By Application
- Shallow water
- Deepwater
- Ultra deepwater
By Type
- Jack up rigs
- Semisubmersibles
- Drill ships
- Others
By Geographical Landscape
- North America
- Middle East and Africa
- Europe
- APAC
- South America
This study identifies the declining costs of offshore projects as one of the prime reasons driving the offshore drilling market growth during the next few years. Also, the emergence of next-generation automated drilling rigs and increasing demand for offshore gas will lead to sizable demand in the market.
The report on the offshore drilling market covers the following areas:
- Offshore drilling market sizing
- Offshore drilling market forecast
- Offshore drilling market industry analysis
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 AP Moller Maersk AS, Archer Ltd., Baker Hughes Co., China National Offshore Oil Corp., Eni SpA, Halliburton Co., Hercules Offshore Inc., KCA Deutag Alpha Ltd., Loews Corp., Nabors Industries Ltd., Noble Corp. Plc, Pacific Drilling Co., Parker Drilling Co., Saudi Arabian Oil Co., Schlumberger Ltd., Seadrill Ltd., Sembcorp Marine Ltd., Transocean Ltd., Valaris Ltd., 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 all forthcoming growth opportunities.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.
The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast the accurate market growth.
Product Code: IRTNTR44563
Table of Contents
1 Executive Summary
- 1.1 Market overview
2 Market Landscape
- 2.1 Market ecosystem
3 Market Sizing
- 3.1 Market definition
- 3.2 Market segment analysis
- 3.3 Market size 2023
- 3.4 Market outlook: Forecast for 2023-2028
4 Historic Market Size
- 4.1 Global offshore drilling market 2018 - 2022
- 4.2 Application Segment Analysis 2018 - 2022
- 4.3 Type Segment Analysis 2018 - 2022
- 4.4 Geography Segment Analysis 2018 - 2022
- 4.5 Country Segment Analysis 2018 - 2022
5 Five Forces Analysis
- 5.1 Five forces summary
- 5.2 Bargaining power of buyers
- 5.3 Bargaining power of suppliers
- 5.4 Threat of new entrants
- 5.5 Threat of substitutes
- 5.6 Threat of rivalry
- 5.7 Market condition
6 Market Segmentation by Application
- 6.1 Market segments
- 6.2 Comparison by Application
- 6.3 Shallow water - Market size and forecast 2023-2028
- 6.4 Deepwater - Market size and forecast 2023-2028
- 6.5 Ultra deepwater - Market size and forecast 2023-2028
- 6.6 Market opportunity by Application
7 Market Segmentation by Type
- 7.1 Market segments
- 7.2 Comparison by Type
- 7.3 Jack up rigs - Market size and forecast 2023-2028
- 7.4 Semisubmersibles - Market size and forecast 2023-2028
- 7.5 Drill ships - Market size and forecast 2023-2028
- 7.6 Others - Market size and forecast 2023-2028
- 7.7 Market opportunity by Type
8 Customer Landscape
- 8.1 Customer landscape overview
9 Geographic Landscape
- 9.1 Geographic segmentation
- 9.2 Geographic comparison
- 9.3 North America - Market size and forecast 2023-2028
- 9.4 Middle East and Africa - Market size and forecast 2023-2028
- 9.5 Europe - Market size and forecast 2023-2028
- 9.6 APAC - Market size and forecast 2023-2028
- 9.7 South America - Market size and forecast 2023-2028
- 9.8 US - Market size and forecast 2023-2028
- 9.9 Saudi Arabia - Market size and forecast 2023-2028
- 9.10 Russia - Market size and forecast 2023-2028
- 9.11 China - Market size and forecast 2023-2028
- 9.12 United Arab Emirates - Market size and forecast 2023-2028
- 9.13 Market opportunity By Geographical Landscape
10 Drivers, Challenges, and Trends
- 10.1 Market drivers
- 10.2 Market challenges
- 10.3 Impact of drivers and challenges
- 10.4 Market trends
11 Vendor Landscape
- 11.1 Overview
- 11.2 Vendor landscape
- 11.3 Landscape disruption
- 11.4 Industry risks
12 Vendor Analysis
- 12.1 Vendors covered
- 12.2 Market positioning of vendors
- 12.3 Archer Ltd.
- 12.4 Baker Hughes Co.
- 12.5 China National Offshore Oil Corp.
- 12.6 Eni SpA
- 12.7 Halliburton Co.
- 12.8 Hercules Offshore Inc.
- 12.9 Nabors Industries Ltd.
- 12.10 Noble Corp. Plc
- 12.11 Pacific Drilling Co.
- 12.12 Parker Drilling Co.
- 12.13 Saudi Arabian Oil Co.
- 12.14 Seadrill Ltd.
- 12.15 Transocean Ltd.
- 12.16 Valaris Ltd.
- 12.17 Weatherford International Plc
13 Appendix
- 13.1 Scope of the report
- 13.2 Inclusions and exclusions checklist
- 13.3 Currency conversion rates for US$
- 13.4 Research methodology
- 13.5 List of abbreviations
Product Code: IRTNTR44563
Exhibits:
- Exhibits1: Executive Summary - Chart on Market Overview
- Exhibits2: Executive Summary - Data Table on Market Overview
- Exhibits3: Executive Summary - Chart on Global Market Characteristics
- Exhibits4: Executive Summary - Chart on Market By Geographical Landscape
- Exhibits5: Executive Summary - Chart on Market Segmentation by Application
- Exhibits6: Executive Summary - Chart on Market Segmentation by Type
- Exhibits7: Executive Summary - Chart on Incremental Growth
- Exhibits8: Executive Summary - Data Table on Incremental Growth
- Exhibits9: Executive Summary - Chart on Vendor Market Positioning
- Exhibits10: Parent market
- Exhibits11: Market Characteristics
- Exhibits12: Offerings of vendors included in the market definition
- Exhibits13: Market segments
- Exhibits14: Chart on Global - Market size and forecast 2023-2028 ($ billion)
- Exhibits15: Data Table on Global - Market size and forecast 2023-2028 ($ billion)
- Exhibits16: Chart on Global Market: Year-over-year growth 2023-2028 (%)
- Exhibits17: Data Table on Global Market: Year-over-year growth 2023-2028 (%)
- Exhibits18: Historic Market Size - Data Table on global offshore drilling market 2018 - 2022 ($ billion)
- Exhibits19: Historic Market Size - Application Segment 2018 - 2022 ($ billion)
- Exhibits20: Historic Market Size - Type Segment 2018 - 2022 ($ billion)
- Exhibits21: Historic Market Size - Geography Segment 2018 - 2022 ($ billion)
- Exhibits22: Historic Market Size - Country Segment 2018 - 2022 ($ billion)
- Exhibits23: Five forces analysis - Comparison between 2023 and 2028
- Exhibits24: Chart on Bargaining power of buyers - Impact of key factors 2023 and 2028
- Exhibits25: Bargaining power of suppliers - Impact of key factors in 2023 and 2028
- Exhibits26: Threat of new entrants - Impact of key factors in 2023 and 2028
- Exhibits27: Threat of substitutes - Impact of key factors in 2023 and 2028
- Exhibits28: Threat of rivalry - Impact of key factors in 2023 and 2028
- Exhibits29: Chart on Market condition - Five forces 2023 and 2028
- Exhibits30: Chart on Application - Market share 2023-2028 (%)
- Exhibits31: Data Table on Application - Market share 2023-2028 (%)
- Exhibits32: Chart on Comparison by Application
- Exhibits33: Data Table on Comparison by Application
- Exhibits34: Chart on Shallow water - Market size and forecast 2023-2028 ($ billion)
- Exhibits35: Data Table on Shallow water - Market size and forecast 2023-2028 ($ billion)
- Exhibits36: Chart on Shallow water - Year-over-year growth 2023-2028 (%)
- Exhibits37: Data Table on Shallow water - Year-over-year growth 2023-2028 (%)
- Exhibits38: Chart on Deepwater - Market size and forecast 2023-2028 ($ billion)
- Exhibits39: Data Table on Deepwater - Market size and forecast 2023-2028 ($ billion)
- Exhibits40: Chart on Deepwater - Year-over-year growth 2023-2028 (%)
- Exhibits41: Data Table on Deepwater - Year-over-year growth 2023-2028 (%)
- Exhibits42: Chart on Ultra deepwater - Market size and forecast 2023-2028 ($ billion)
- Exhibits43: Data Table on Ultra deepwater - Market size and forecast 2023-2028 ($ billion)
- Exhibits44: Chart on Ultra deepwater - Year-over-year growth 2023-2028 (%)
- Exhibits45: Data Table on Ultra deepwater - Year-over-year growth 2023-2028 (%)
- Exhibits46: Market opportunity by Application ($ billion)
- Exhibits47: Data Table on Market opportunity by Application ($ billion)
- Exhibits48: Chart on Type - Market share 2023-2028 (%)
- Exhibits49: Data Table on Type - Market share 2023-2028 (%)
- Exhibits50: Chart on Comparison by Type
- Exhibits51: Data Table on Comparison by Type
- Exhibits52: Chart on Jack up rigs - Market size and forecast 2023-2028 ($ billion)
- Exhibits53: Data Table on Jack up rigs - Market size and forecast 2023-2028 ($ billion)
- Exhibits54: Chart on Jack up rigs - Year-over-year growth 2023-2028 (%)
- Exhibits55: Data Table on Jack up rigs - Year-over-year growth 2023-2028 (%)
- Exhibits56: Chart on Semisubmersibles - Market size and forecast 2023-2028 ($ billion)
- Exhibits57: Data Table on Semisubmersibles - Market size and forecast 2023-2028 ($ billion)
- Exhibits58: Chart on Semisubmersibles - Year-over-year growth 2023-2028 (%)
- Exhibits59: Data Table on Semisubmersibles - Year-over-year growth 2023-2028 (%)
- Exhibits60: Chart on Drill ships - Market size and forecast 2023-2028 ($ billion)
- Exhibits61: Data Table on Drill ships - Market size and forecast 2023-2028 ($ billion)
- Exhibits62: Chart on Drill ships - Year-over-year growth 2023-2028 (%)
- Exhibits63: Data Table on Drill ships - Year-over-year growth 2023-2028 (%)
- Exhibits64: Chart on Others - Market size and forecast 2023-2028 ($ billion)
- Exhibits65: Data Table on Others - Market size and forecast 2023-2028 ($ billion)
- Exhibits66: Chart on Others - Year-over-year growth 2023-2028 (%)
- Exhibits67: Data Table on Others - Year-over-year growth 2023-2028 (%)
- Exhibits68: Market opportunity by Type ($ billion)
- Exhibits69: Data Table on Market opportunity by Type ($ billion)
- Exhibits70: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria
- Exhibits71: Chart on Market share By Geographical Landscape 2023-2028 (%)
- Exhibits72: Data Table on Market share By Geographical Landscape 2023-2028 (%)
- Exhibits73: Chart on Geographic comparison
- Exhibits74: Data Table on Geographic comparison
- Exhibits75: Chart on North America - Market size and forecast 2023-2028 ($ billion)
- Exhibits76: Data Table on North America - Market size and forecast 2023-2028 ($ billion)
- Exhibits77: Chart on North America - Year-over-year growth 2023-2028 (%)
- Exhibits78: Data Table on North America - Year-over-year growth 2023-2028 (%)
- Exhibits79: Chart on Middle East and Africa - Market size and forecast 2023-2028 ($ billion)
- Exhibits80: Data Table on Middle East and Africa - Market size and forecast 2023-2028 ($ billion)
- Exhibits81: Chart on Middle East and Africa - Year-over-year growth 2023-2028 (%)
- Exhibits82: Data Table on Middle East and Africa - Year-over-year growth 2023-2028 (%)
- Exhibits83: Chart on Europe - Market size and forecast 2023-2028 ($ billion)
- Exhibits84: Data Table on Europe - Market size and forecast 2023-2028 ($ billion)
- Exhibits85: Chart on Europe - Year-over-year growth 2023-2028 (%)
- Exhibits86: Data Table on Europe - Year-over-year growth 2023-2028 (%)
- Exhibits87: Chart on APAC - Market size and forecast 2023-2028 ($ billion)
- Exhibits88: Data Table on APAC - Market size and forecast 2023-2028 ($ billion)
- Exhibits89: Chart on APAC - Year-over-year growth 2023-2028 (%)
- Exhibits90: Data Table on APAC - Year-over-year growth 2023-2028 (%)
- Exhibits91: Chart on South America - Market size and forecast 2023-2028 ($ billion)
- Exhibits92: Data Table on South America - Market size and forecast 2023-2028 ($ billion)
- Exhibits93: Chart on South America - Year-over-year growth 2023-2028 (%)
- Exhibits94: Data Table on South America - Year-over-year growth 2023-2028 (%)
- Exhibits95: Chart on US - Market size and forecast 2023-2028 ($ billion)
- Exhibits96: Data Table on US - Market size and forecast 2023-2028 ($ billion)
- Exhibits97: Chart on US - Year-over-year growth 2023-2028 (%)
- Exhibits98: Data Table on US - Year-over-year growth 2023-2028 (%)
- Exhibits99: Chart on Saudi Arabia - Market size and forecast 2023-2028 ($ billion)
- Exhibits100: Data Table on Saudi Arabia - Market size and forecast 2023-2028 ($ billion)
- Exhibits101: Chart on Saudi Arabia - Year-over-year growth 2023-2028 (%)
- Exhibits102: Data Table on Saudi Arabia - Year-over-year growth 2023-2028 (%)
- Exhibits103: Chart on Russia - Market size and forecast 2023-2028 ($ billion)
- Exhibits104: Data Table on Russia - Market size and forecast 2023-2028 ($ billion)
- Exhibits105: Chart on Russia - Year-over-year growth 2023-2028 (%)
- Exhibits106: Data Table on Russia - Year-over-year growth 2023-2028 (%)
- Exhibits107: Chart on China - Market size and forecast 2023-2028 ($ billion)
- Exhibits108: Data Table on China - Market size and forecast 2023-2028 ($ billion)
- Exhibits109: Chart on China - Year-over-year growth 2023-2028 (%)
- Exhibits110: Data Table on China - Year-over-year growth 2023-2028 (%)
- Exhibits111: Chart on United Arab Emirates - Market size and forecast 2023-2028 ($ billion)
- Exhibits112: Data Table on United Arab Emirates - Market size and forecast 2023-2028 ($ billion)
- Exhibits113: Chart on United Arab Emirates - Year-over-year growth 2023-2028 (%)
- Exhibits114: Data Table on United Arab Emirates - Year-over-year growth 2023-2028 (%)
- Exhibits115: Market opportunity By Geographical Landscape ($ billion)
- Exhibits116: Data Tables on Market opportunity By Geographical Landscape ($ billion)
- Exhibits117: Impact of drivers and challenges in 2023 and 2028
- Exhibits118: Overview on Criticality of inputs and Factors of differentiation
- Exhibits119: Overview on factors of disruption
- Exhibits120: Impact of key risks on business
- Exhibits121: Vendors covered
- Exhibits122: Matrix on vendor position and classification
- Exhibits123: Archer Ltd. - Overview
- Exhibits124: Archer Ltd. - Business segments
- Exhibits125: Archer Ltd. - Key offerings
- Exhibits126: Archer Ltd. - Segment focus
- Exhibits127: Baker Hughes Co. - Overview
- Exhibits128: Baker Hughes Co. - Business segments
- Exhibits129: Baker Hughes Co. - Key news
- Exhibits130: Baker Hughes Co. - Key offerings
- Exhibits131: Baker Hughes Co. - Segment focus
- Exhibits132: China National Offshore Oil Corp. - Overview
- Exhibits133: China National Offshore Oil Corp. - Business segments
- Exhibits134: China National Offshore Oil Corp. - Key offerings
- Exhibits135: China National Offshore Oil Corp. - Segment focus
- Exhibits136: Eni SpA - Overview
- Exhibits137: Eni SpA - Business segments
- Exhibits138: Eni SpA - Key offerings
- Exhibits139: Eni SpA - Segment focus
- Exhibits140: Halliburton Co. - Overview
- Exhibits141: Halliburton Co. - Business segments
- Exhibits142: Halliburton Co. - Key news
- Exhibits143: Halliburton Co. - Key offerings
- Exhibits144: Halliburton Co. - Segment focus
- Exhibits145: Hercules Offshore Inc. - Overview
- Exhibits146: Hercules Offshore Inc. - Product / Service
- Exhibits147: Hercules Offshore Inc. - Key offerings
- Exhibits148: Nabors Industries Ltd. - Overview
- Exhibits149: Nabors Industries Ltd. - Business segments
- Exhibits150: Nabors Industries Ltd. - Key news
- Exhibits151: Nabors Industries Ltd. - Key offerings
- Exhibits152: Nabors Industries Ltd. - Segment focus
- Exhibits153: Noble Corp. Plc - Overview
- Exhibits154: Noble Corp. Plc - Business segments
- Exhibits155: Noble Corp. Plc - Key news
- Exhibits156: Noble Corp. Plc - Key offerings
- Exhibits157: Noble Corp. Plc - Segment focus
- Exhibits158: Pacific Drilling Co. - Overview
- Exhibits159: Pacific Drilling Co. - Product / Service
- Exhibits160: Pacific Drilling Co. - Key offerings
- Exhibits161: Parker Drilling Co. - Overview
- Exhibits162: Parker Drilling Co. - Product / Service
- Exhibits163: Parker Drilling Co. - Key offerings
- Exhibits164: Saudi Arabian Oil Co. - Overview
- Exhibits165: Saudi Arabian Oil Co. - Product / Service
- Exhibits166: Saudi Arabian Oil Co. - Key offerings
- Exhibits167: Seadrill Ltd. - Overview
- Exhibits168: Seadrill Ltd. - Business segments
- Exhibits169: Seadrill Ltd. - Key offerings
- Exhibits170: Seadrill Ltd. - Segment focus
- Exhibits171: Transocean Ltd. - Overview
- Exhibits172: Transocean Ltd. - Product / Service
- Exhibits173: Transocean Ltd. - Key offerings
- Exhibits174: Valaris Ltd. - Overview
- Exhibits175: Valaris Ltd. - Business segments
- Exhibits176: Valaris Ltd. - Key offerings
- Exhibits177: Valaris Ltd. - Segment focus
- Exhibits178: Weatherford International Plc - Overview
- Exhibits179: Weatherford International Plc - Business segments
- Exhibits180: Weatherford International Plc - Key news
- Exhibits181: Weatherford International Plc - Key offerings
- Exhibits182: Weatherford International Plc - Segment focus
- Exhibits183: Inclusions checklist
- Exhibits184: Exclusions checklist
- Exhibits185: Currency conversion rates for US$
- Exhibits186: Research methodology
- Exhibits187: Validation techniques employed for market sizing
- Exhibits188: Information sources
- Exhibits189: List of abbreviations
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