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Oil and Gas Drilling Automation Market by Application and Geography - Forecast and Analysis 2020-2024 - Product Image

Oil and Gas Drilling Automation Market by Application and Geography - Forecast and Analysis 2020-2024

  • ID: 4860976
  • Report
  • November 2019
  • Region: Global
  • 145 pages
  • TechNavio
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FEATURED COMPANIES

  • ABB Ltd.
  • Akastor ASA
  • Kongsberg Gruppen ASA
  • Nabors Industries Ltd.
  • Rockwell Automation Inc.
  • Schlumberger Ltd.
  • MORE
Global Oil and Gas Drilling Automation Market: About this market
The oil and gas drilling automation market analysis considers sales from both onshore and offshore applications. Our study also finds the sales of oil and gas drilling automation in APAC, Europe, MEA, North America, and South America. In 2019, the onshore segment had a significant market share, and this trend is expected to continue over the forecast period. Factors such as lower initial cost will play a significant role in the onshore segment to maintain its market position. Also, our global oil and gas drilling automation market report looks at factors such as O&G price recovery, growth in shale oil production, and rising adoption of drilling automation in offshore O&G projects. However, high ownership costs, imposition of trade tariffs on offshore drilling components, and complexities in system integration may hamper the growth of the oil and gas drilling automation industry over the forecast period.

Global Oil and Gas Drilling Automation Market: Overview

Growth in shale oil production
Rapid growth in the production of shale oil and gas over the past few years has resulted in a considerable rise in the adoption of drilling automation in the oil and gas industry. As the extraction of shale oil and gas involves multiple complexities, vendors have started offering advanced automated drilling equipment with better designs. A few vendors, such as RigMinder and Schlumberger, offer automated drilling solutions exclusively for shale oil and gas extraction. automated drilling solutions are making operations efficient in harsh mid-water and deep-water oil and gas drilling environments. This growth in shale oil production will lead to the expansion of the global oil and gas drilling automation market at a CAGR of almost 1% during the forecast period.

Adoption of IoT technology
The adoption of the internet of things (loT) devices for in-depth monitoring and data capturing in the O&G industry is improving the overall efficiency of O&G operations. With crude oil prices registering considerable recovery over the last two years, rig operators and oil producers are emphasizing on optimizing the energy efficiency of oilfields. loT devices are being increasingly used in the O&G industry for a range of applications, including drilling management, pipeline testing, and monitoring, refinery inspections, and carbon footprint minimization, among others. loT enables oil rig operators and refineries to monitor key performance parameters such as pipe pressure and flow rate. Additionally, loT ensures accurate and real-time data collection at locations that are not easily accessible. This development is expected to have a positive impact on the overall market growth.

Competitive Landscape
With the presence of several major players, the global oil and gas drilling automation market is fragmented. 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 oil and gas drilling automation manufacturers, that include ABB Ltd., Akastor ASA, Ensign Energy Services Inc., Honeywell International Inc., Kongsberg Gruppen ASA, Nabors Industries Ltd., National Oilwell Varco Inc., Rockwell Automation Inc., Schlumberger Ltd., and Siemens AG.

Also, the oil and gas drilling automation market analysis report include information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage on all forthcoming growth opportunities.
Note: Product cover images may vary from those shown
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FEATURED COMPANIES

  • ABB Ltd.
  • Akastor ASA
  • Kongsberg Gruppen ASA
  • Nabors Industries Ltd.
  • Rockwell Automation Inc.
  • Schlumberger Ltd.
  • MORE
PART 01: EXECUTIVE SUMMARY

PART 02: SCOPE OF THE REPORT
  • Preface
  • Currency conversion rates for US$
PART 03: MARKET LANDSCAPE
  • Market ecosystem
  • Market characteristics
  • Market segmentation analysis
  • Value chain
PART 04: MARKET SIZING
  • Market definition
  • Market sizing 2019
  • Market Outlook
  • Market size and forecast 2019-2024
PART 05: FIVE FORCES ANALYSIS
  • Bargaining power of buyers
  • Bargaining power of suppliers
  • Threat of new entrants
  • Threat of substitutes
  • Threat of rivalry
  • Market condition
PART 06: MARKET SEGMENTATION BY APPLICATION
  • Market segmentation by application
  • Comparison by application
  • Onshore - Market size and forecast 2019-2024
  • Offshore - Market size and forecast 2019-2024
  • Market opportunity by application
PART 07: CUSTOMER LANDSCAPE

PART 08: GEOGRAPHIC LANDSCAPE
  • Geographic segmentation
  • Geographic comparison
  • North America - Market size and forecast 2019-2024
  • Europe - Market size and forecast 2019-2024
  • APAC - Market size and forecast 2019-2024
  • MEA - Market size and forecast 2019-2024
  • South America - Market size and forecast 2019-2024
  • Key leading countries
  • Market opportunity
PART 09: DECISION FRAMEWORK

PART 10: DRIVERS AND CHALLENGES
  • Market drivers
  • Market challenges
PART 11: MARKET TRENDS
  • Rising number of new O&G projects
  • Adoption of IoT technology
  • Growing consolidation in the O&G drilling automation market
PART 12: VENDOR LANDSCAPE
  • Overview
  • Landscape disruption
  • Competitive scenario
PART 13: VENDOR ANALYSIS
  • Vendors covered
  • Vendor classification
  • Market positioning of vendors
  • ABB Ltd.
  • Akastor ASA
  • Ensign Energy Services Inc.
  • Honeywell International Inc.
  • Kongsberg Gruppen ASA
  • Nabors Industries Ltd.
  • National Oilwell Varco Inc.
  • Rockwell Automation Inc.
  • Schlumberger Ltd.
  • Siemens AG
PART 14: APPENDIX
  • Research methodology
  • List of abbreviations
  • Definition of market positioning of vendors
List of Exhibits
Exhibit 01: Vendors: Key offerings
Exhibit 02: Global electrical components and equipment market
Exhibit 03: Segments of global electrical components and equipment market
Exhibit 04: Market characteristics
Exhibit 05: Market segments
Exhibit 06: Market definition - Inclusions and exclusions checklist
Exhibit 07: Market size 2019
Exhibit 08: Global market: Size and forecast 2019-2024 ($ millions)
Exhibit 09: Global market: Year-over-year growth 2020-2024 (%)
Exhibit 10: Five forces analysis 2019
Exhibit 11: Five forces analysis 2024
Exhibit 12: Bargaining power of buyers
Exhibit 13: Bargaining power of suppliers
Exhibit 14: Threat of new entrants
Exhibit 15: Threat of substitutes
Exhibit 16: Threat of rivalry
Exhibit 17: Market condition - Five forces 2019
Exhibit 18: Application - Market share 2019-2024 (%)
Exhibit 19: Comparison by application
Exhibit 20: Onshore - Market size and forecast 2019-2024 ($ millions)
Exhibit 21: Onshore - Year-over-year growth 2020-2024 (%)
Exhibit 22: Offshore - Market size and forecast 2019-2024 ($ millions)
Exhibit 23: Offshore - Year-over-year growth 2020-2024 (%)
Exhibit 24: Market opportunity by application
Exhibit 25: Customer landscape
Exhibit 26: Market share by geography 2019-2024 (%)
Exhibit 27: Geographic comparison
Exhibit 28: North America - Market size and forecast 2019-2024 ($ millions)
Exhibit 29: North America - Year-over-year growth 2020-2024 (%)
Exhibit 30: Europe - Market size and forecast 2019-2024 ($ millions)
Exhibit 31: Europe - Year-over-year growth 2020-2024 (%)
Exhibit 32: APAC - Market size and forecast 2019-2024 ($ millions)
Exhibit 33: APAC - Year-over-year growth 2020-2024 (%)
Exhibit 34: MEA - Market size and forecast 2019-2024 ($ millions)
Exhibit 35: MEA - Year-over-year growth 2020-2024 (%)
Exhibit 36: South America - Market size and forecast 2019-2024 ($ millions)
Exhibit 37: South America - Year-over-year growth 2020-2024 (%)
Exhibit 38: Key leading countries
Exhibit 39: Market opportunity
Exhibit 40: Impact of drivers and challenges
Exhibit 41: Vendor landscape
Exhibit 42: Landscape disruption
Exhibit 43: Vendors covered
Exhibit 44: Vendor classification
Exhibit 45: Market positioning of vendors
Exhibit 46: ABB Ltd. - Vendor overview
Exhibit 47: ABB Ltd. - Business segments
Exhibit 48: ABB Ltd. - Organizational developments
Exhibit 49: ABB Ltd. - Geographic focus
Exhibit 50: ABB Ltd. - Segment focus
Exhibit 51: ABB Ltd. - Key offerings
Exhibit 52: Akastor ASA - Vendor overview
Exhibit 53: Akastor ASA - Business segments
Exhibit 54: Akastor ASA - Organizational developments
Exhibit 55: Akastor ASA - Geographic focus
Exhibit 56: Akastor ASA - Segment focus
Exhibit 57: Akastor ASA - Key offerings
Exhibit 58: Ensign Energy Services Inc. - Vendor overview
Exhibit 59: Ensign Energy Services Inc. - Business segments
Exhibit 60: Ensign Energy Services Inc. - Organizational developments
Exhibit 61: Ensign Energy Services Inc. - Segment focus
Exhibit 62: Ensign Energy Services Inc. - Key offerings
Exhibit 63: Honeywell International Inc. - Vendor overview
Exhibit 64: Honeywell International Inc. - Business segments
Exhibit 65: Honeywell International Inc. - Organizational developments
Exhibit 66: Honeywell International Inc. - Geographic focus
Exhibit 67: Honeywell International Inc. - Segment focus
Exhibit 68: Honeywell International Inc. - Key offerings
Exhibit 69: Kongsberg Gruppen ASA - Vendor overview
Exhibit 70: Kongsberg Gruppen ASA - Business segments
Exhibit 71: Kongsberg Gruppen ASA - Organizational developments
Exhibit 72: Kongsberg Gruppen ASA - Geographic focus
Exhibit 73: Kongsberg Gruppen ASA - Segment focus
Exhibit 74: Kongsberg Gruppen ASA - Key offerings
Exhibit 75: Nabors Industries Ltd. - Vendor overview
Exhibit 76: Nabors Industries Ltd. - Business segments
Exhibit 77: Nabors Industries Ltd. - Organizational developments
Exhibit 78: Nabors Industries Ltd. - Geographic focus
Exhibit 79: Nabors Industries Ltd. - Segment focus
Exhibit 80: Nabors Industries Ltd. - Key offerings
Exhibit 81: National Oilwell Varco Inc. - Vendor overview
Exhibit 82: National Oilwell Varco Inc. - Business segments
Exhibit 83: National Oilwell Varco Inc. - Organizational developments
Exhibit 84: National Oilwell Varco Inc. - Geographic focus
Exhibit 85: National Oilwell Varco Inc. - Segment focus
Exhibit 86: National Oilwell Varco Inc. - Key offerings
Exhibit 87: Rockwell Automation Inc. - Vendor overview
Exhibit 88: Rockwell Automation Inc. - Business segments
Exhibit 89: Rockwell Automation Inc. - Organizational developments
Exhibit 90: Rockwell Automation Inc. - Geographic focus
Exhibit 91: Rockwell Automation Inc. - Segment focus
Exhibit 92: Rockwell Automation Inc. - Key offerings
Exhibit 93: Schlumberger Ltd. - Vendor overview
Exhibit 94: Schlumberger Ltd. - Business segments
Exhibit 95: Schlumberger Ltd. - Organizational developments
Exhibit 96: Schlumberger Ltd. - Geographic focus
Exhibit 97: Schlumberger Ltd. - Segment focus
Exhibit 98: Schlumberger Ltd. - Key offerings
Exhibit 99: Siemens AG - Vendor overview
Exhibit 100: Siemens AG - Business segments
Exhibit 101: Siemens AG - Organizational developments
Exhibit 102: Siemens AG - Geographic focus
Exhibit 103: Siemens AG - Segment focus
Exhibit 104: Siemens AG - Key offerings
Exhibit 105: Validation techniques employed for market sizing
Exhibit 106: Definition of market positioning of vendors
Note: Product cover images may vary from those shown
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FEATURED COMPANIES

  • ABB Ltd.
  • Akastor ASA
  • Kongsberg Gruppen ASA
  • Nabors Industries Ltd.
  • Rockwell Automation Inc.
  • Schlumberger Ltd.
  • MORE
The following companies as the key players in the global oil and gas drilling automation market: ABB Ltd., Akastor ASA, Ensign Energy Services Inc., Honeywell International Inc., Kongsberg Gruppen ASA, Nabors Industries Ltd., National Oilwell Varco Inc., Rockwell Automation Inc., Schlumberger Ltd., and Siemens AG.

Commenting on the report, an analyst from the research team said: “The latest trend gaining momentum in the market is the adoption of IoT technology.”

According to the report, one of the major drivers for this market is the growth in shale oil production.

Further, the report states that one of the major factors hindering the growth of this market is the imposition of trade tariffs on offshore drilling components.

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.
Note: Product cover images may vary from those shown
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  • ABB Ltd.
  • Akastor ASA
  • Ensign Energy Services Inc.
  • Honeywell International Inc.
  • Kongsberg Gruppen ASA
  • Nabors Industries Ltd.
  • National Oilwell Varco Inc.
  • Rockwell Automation Inc.
  • Schlumberger Ltd.
  • Siemens AG.
Note: Product cover images may vary from those shown
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