Global Robots Market in Oil and Gas Drilling Operations 2017-2021

  • ID: 4339923
  • Report
  • Region: Global
  • 70 pages
  • TechNavio
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FEATURED COMPANIES

  • Baker Hughes
  • DMC
  • Drillmec
  • Ensign
  • Kuwait Drilling Company
  • Nabors
  • MORE
About Robots in Oil and Gas Drilling Operations

The market deals with advanced automated machines and robotic units that carry out drilling of oil fields and connect drill pipes located under the surface, thereby assisting industrial workers in onshore and offshore operations. These advanced automated machines and robotic units are also called fully automated drilling rigs and robotic drilling systems. The global robots market in oil and gas drilling operations include offshore and onshore applications.

The analysts forecast the global robots market in oil and gas drilling operations to grow at a CAGR of 4.68% during the period 2017-2021.

Covered in this report
The report covers the present scenario and the growth prospects of the global robots market in oil and gas drilling operations for 2017-2021. To calculate the market size, the report considers installations, retrofit, replacement, spares, aftermarket, and services market.
The market is divided into the following segments based on geography:
  • Americas
  • APAC
  • EMEA
The report, Global Robots Market in Oil and Gas Drilling Operations 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

Key vendors
  • Drillmec
  • Ensign
  • Nabors
  • Schramm
Other prominent vendors
  • Baker Hughes
  • Robotic Drilling Systems
  • DMC
  • Kuwait Drilling Company
  • Rockwell Automation
  • Voith (Part of Triton)
Market drivers
  • Lower operational cost
  • For a full, detailed list, view the full report
Market challenges
  • High implementation cost
  • For a full, detailed list, view the full report
Market trends
  • Fully automated drilling rigs
  • For a full, detailed list, view the full report
Key questions answered in this report
  • What will the market size be in 2020 and what will the growth rate be?
  • What are the key market trends?
  • What is driving this market?
  • What are the challenges to market growth?
  • Who are the Key vendors in this market space?
  • What are the market opportunities and threats faced by the key vendors?
  • What are the strengths and weaknesses of the key vendors?
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FEATURED COMPANIES

  • Baker Hughes
  • DMC
  • Drillmec
  • Ensign
  • Kuwait Drilling Company
  • Nabors
  • MORE
PART 01: Executive summary

PART 02: Scope of the report

PART 03: Research Methodology

PART 04: Introduction
Market outline

PART 05: Market landscape
  • Market overview
  • Global robots market in oil and gas drilling operations
  • Five forces analysis
PART 06: Market segmentation by application
  • Market overview
  • Global robots market in oil and gas offshore drilling operations
  • Global robots market in oil and gas onshore drilling operations
PART 07: Market segmentation by solution
  • Market overview
  • Global robots market in oil and gas drilling operations by hardware
  • Global robots market in oil and gas drilling operations by software
  • Global robots market in oil and gas drilling operations by services
PART 08: Geographical segmentation
  • Market overview
  • Robots market in oil and gas drilling operations in EMEA
  • Robots market in oil and gas drilling operations in Americas
  • Robots market in oil and gas drilling operations in APAC
PART 09: Decision framework

PART 10: Drivers and challenges
  • Market drivers
  • Market challenges
PART 11: Market trends

PART 12: Vendor landscape
  • Competition overview
  • Other prominent vendors
PART 13: Key vendor analysis
  • Drillmec
  • Ensign
  • Nabors
  • Schramm
PART 14: Appendix
  • List of abbreviations
List of Exhibits
Exhibit 01: Approach of oil and gas industry to overcome downfall
Exhibit 02: Global robots market in oil and gas drilling operations
Exhibit 03: Supply chain analysis of global robots market in oil and gas drilling operations
Exhibit 04: Global robots market in oil and gas drilling operations 2016-2021 ($ millions)
Exhibit 05: Five forces analysis
Exhibit 06: Global robots market in oil and gas drilling operations by application 2016 and 2021 (% revenue)
Exhibit 07: Global robots market in oil and gas offshore drilling operations 2016-2021 ($ millions)
Exhibit 08: Global robots market in oil and gas onshore drilling operations 2016-2021 ($ millions)
Exhibit 09: Global robots market in oil and gas drilling operations by solution 2016-2021 (% revenue)
Exhibit 10: Global robots market in oil and gas drilling operations by hardware 2016-2021 ($ millions)
Exhibit 11: Global robots market in oil and gas drilling operations by software 2016-2021 ($ millions)
Exhibit 12: Developments in software solutions (2016-2021)
Exhibit 13: Global robots market in oil and gas drilling operations by services 2016-2021 ($ millions)
Exhibit 14: Global robots market in oil and gas drilling operations by geography 2016-2021 (% revenue)
Exhibit 15: Robots market in oil and gas drilling operations in EMEA 2016-2021 ($ millions)
Exhibit 16: Robots market in oil and gas drilling operations in Americas 2016-2021 ($ millions)
Exhibit 17: Robots market in oil and gas drilling operations in APAC 2016-2021 ($ millions)
Exhibit 18: Impact of competitors on global robots market in oil and gas drilling operations 2016 and 2021
Exhibit 19: Other prominent vendors
Exhibit 20: Products offered
Exhibit 21: Automated products
Exhibit 22: Recent developments
Exhibit 23: Products offered
Exhibit 24: Recent developments
Exhibit 25: Technologies used by Nabors
Exhibit 26: Products offered
Exhibit 27: Recent developments
Exhibit 28: Technology and innovation offered by Schramm
Exhibit 29: Products offered
Exhibit 30: Recent developments
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FEATURED COMPANIES

  • Baker Hughes
  • DMC
  • Drillmec
  • Ensign
  • Kuwait Drilling Company
  • Nabors
  • MORE
New Report Released: – Global Robots Market in Oil and Gas Drilling Operations 2017-2021

The author of the report recognizes the following companies as the key players in the global robots market in oil and gas drilling operations: Drillmec, Ensign, Nabors, and Schramm.

Other Prominent Vendors in the market are: Baker Hughes, Robotic Drilling Systems, DMC, Kuwait Drilling Company, Rockwell Automation, and Voith (Part of Triton).

Commenting on the report, an analyst from the research team said: “One trend in the market is fully automated drilling rigs. The oil and gas industry involves hazardous applications, which utilizes surface tools for ground drilling operations. Technological innovations implemented in the oil and gas industry makes the extraction of fossil fuels and natural gas possible, which were otherwise not accessible by manually operated machines. This industry has incorporated various automated machines which are used for different applications.”

According to the report, one driver in the market is lower operational cost. The implementation of robots in industries has drastically reduced operational costs. Robotic machines reduce operation cycle time, minimize process time, and improve quality. These machines are equipped with motors, sensors, and controllers that allow operators to precisely proceed with drilling operations until the desired results are achieved. Since these machines are robotic and fully automated, they operate autonomously depending on the pre-set programming and allow industries to carry out labor-intensive drilling operations without posing any risk to human life.

Further, the report states that one challenge in the market is high implementation cost. The implementation of automated drilling rigs involves heavy investments when compared with manual labor and traditional machines. These automated rigs are technologically advanced and can reduce the operational cost. However, it has been witnessed that the oil and gas industry is stringent in terms of investing in advanced technologies. The oil and gas industry witnessed a downfall in 2014, which affected investments in technology by countries which are major exporters of oil.

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 a SWOT analysis of the key vendors.
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  • Drillmec
  • Ensign
  • Nabors
  • Schramm
  • Baker Hughes
  • Robotic Drilling Systems
  • DMC
  • Kuwait Drilling Company
  • Rockwell Automation
  • Voith (Part of Triton)
Note: Product cover images may vary from those shown
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