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Rotary Drilling Rig Market: Industry Analysis, Trend and Forecast, 2015-2025 by Future Market Insights

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Drilling rig is a complex equipment that is used for drilling wells into the earth’s surface. Drilling rigs are commonly used for drilling oil wells, natural gas extraction wells and water wells. These drilling rigs are classified as percussion, vib
Global Rotary
Drilling Rig Market
Share, Global Trends,
Analysis, Research, Report,
Opportunities,
Segmentation and Forecast,
2015 - 2025
Future Market Insights
www.futuremarketinsights.com
[email protected]
Report
Description
Report Description
Drilling rig is a complex equipment that is used for drilling wells into the earth’s surface. Drilling
rigs are commonly used for drilling oil wells, natural gas extraction wells and water wells. These
drilling rigs are classified as percussion, vibration, rotary, flame-jet, cable tool drilling among the
others. Rotary drilling is a type of drilling process wherein a sharp rotating drill bit delves into
the earth’s surface under applied pressure. The drilling rig that is used in this process is termed
as rotary drilling rig. The main component groups of rotary drilling rig are a prime mover which
powers the entire rig, rotating equipment comprise those components that rotate the drill bit by
transferring power from the prime mover to the drill bit, hoisting equipment facilitates lifting
and lowering of those components that move in or out of the well. Lastly, a circulating
equipment which primarily assists in lubrication and cooling of the drill bit.
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Rotary Drilling Rig Market: Drivers & Restraints
The global rotary drilling rig market is expected to register a steady growth during the forecast
period. The increasing exploration activities coupled with increasing investments are expected to
drive the growth of global drilling rig market. Moreover, technological advancement and the
increasing demand for hydrocarbons, energy and other demand areas are the factors that are
likely to drive the growth of global rotary drilling rigs market during the forecast period.
Report
Description
Report Description
However, sluggish offshore drilling market growth in certain regions and the overcapacity
witnessed may act as an impediment to the growth of overall rotary drilling rigs market.
Rotary Drilling Rig Market: Segmentation
Depending on the area of application, global Rotary Drilling Rig market can be segmented in to
the following key segments:
• Offshore rotary drilling rigs
• Land rotary drilling rigs
Depending on the types of rigs, global rotary drilling rig market can be segmented in to
following market segments:
• Single rigs
• Double rigs
• Triple rigs
Rotary Drilling Rig Market: Region-wise Outlook
On the basis of geographic regions of the globe, global Rotary Drilling Rig market is segmented
into seven major segments.
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Description
Report Description
These key market segments are North America Rotary Drilling Rig market, Western Europe
Rotary Drilling Rig market, Eastern Europe Rotary Drilling Rig market, Asia Pacific Rotary Drilling
Rig market, Japan Rotary Drilling Rig market, and Middle East & Africa Rotary Drilling Rig market,
Latin America Rotary Drilling Rig market.
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Rotary Drilling Rig Market: Key Players
Some of the identified major participants of the global Rotary Drilling Rig market are as follows:
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BAUER AG
Dando Drilling International Ltd
Atlas Copco
SANY Group Co., Ltd
Schramm, Inc.
Beijing Sinovo International
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Author
shekhar.m
shekhar.m92   documents Email
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Science and Nature
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Tags
drilling, Rotary Drilling Rig Market
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