Global Offshore Drilling Market 2020-2024

Global Offshore Drilling Market 2020-2024

  • August 2020 •
  • 120 pages •
  • Report ID: 2060240 •
  • Format: PDF
Global Offshore Drilling Market 2020-2024
The analyst has been monitoring the offshore drilling market and it is poised to grow by $ 11.34 bn during 2020-2024 progressing at a CAGR of 6% during the forecast period. Our reports on 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.
The offshore drilling market analysis includes application segment and geographic landscapes

The offshore drilling market is segmented as below:
By Application
• Shallow water
• Deepwater
• Ultra-deepwater

By Geographic Landscape
• North America
• APAC
• Europe
• MEA
• South America

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 analyst 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. Our offshore drilling market covers the following areas:
• Offshore drilling market sizing
• Offshore drilling market forecast
• Offshore drilling market industry analysis