26.05.2022 04:00

Offshore Drilling Market - 35% of Growth to Originate from APAC | Evolving Opportunities with Baker Hughes Co. & China Oilfield Services Ltd | Technavio

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NEW YORK, May 25, 2022 /PRNewswire/ -- The offshore drilling market share is expected to increase by USD 7.04 billion from 2020 to 2025, and the market's growth momentum will accelerate at a CAGR of 4.36% as per the latest market report by Technavio. The offshore drilling market is fragmented and the vendors are deploying organic and inorganic growth strategies to compete in the market. Baker Hughes Co., China Oilfield Services Ltd., Halliburton Co., KCA Deutag Alpha Ltd., National Oilwell Varco Inc., Schlumberger Ltd., The Drilling Co. of 1972 AS, Transocean Ltd., Valaris Plc, and Weatherford International Plc are among some of the major market participants.

Technavio has announced its latest market research report titled Offshore Drilling Market by Application and Geography - Forecast and Analysis 2021-2025

To know about the vendor offerings - Request the Latest sample report 

The competitive scenario provided in the Offshore Drilling Market report analyzes, evaluates, and positions companies based on various performance indicators. Some of the factors considered for this analysis include the financial performance of companies over the past few years, growth strategies, product innovations, new product launches, investments, growth in market share, etc. Don't wait, Make a strategic approach & boost your business goals with our Offshore Drilling Market Forecast Report -  Buy Now!

Offshore Drilling Market 2021-2025: Scope

 The offshore drilling market report covers the following areas:

Offshore Drilling Market 2021-2025: Drivers & Challenges

Growth in demand for oil and natural gas has been instrumental in driving the growth of the market. However, fluctuations in the price of crude oil might hamper market growth. The holistic analysis of the drivers & challenges will help in deducing end goals and refining marketing strategies to gain a competitive edge. The offshore drilling market analysis report provides detailed information on other upcoming trends that will have a far-reaching effect on the market growth.

Offshore Drilling Market 2021-2025: Segmentation Analysis

Technavio report provides an accurate prediction of the contribution of all the segments to the growth of the offshore drilling market size and actionable market insights on each segment.

  • Application
    • Shallow Water, Deepwater, And Ultra-deepwater
  • Geography
    • North America, APAC, Europe, MEA, And South America

Offshore Drilling Market 2021-2025: Regional Analysis

35% of the market's growth will originate from APAC during the forecast period. China is the key market for the market in APAC. Market growth in this region will be faster than the growth of the market in regions. The rising number of offshore drilling projects will facilitate the offshore drilling market growth in APAC over the forecast period. 

For more insights on the market share of various regions - Download a sample now!

Offshore Drilling Market 2021-2025: Key Highlights

  • CAGR of the market during the forecast period 2021-2025
  • Detailed information on factors that will assist offshore drilling market growth during the next five years
  • Estimation of the offshore drilling market size and its contribution to the parent market
  • Predictions on upcoming trends and changes in consumer behavior
  • The growth of the offshore drilling market
  • Analysis of the market's competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of the offshore drilling market, vendors

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Offshore Drilling Market Scope

Report Coverage

Details

Page number

120

Base year

2020

Forecast period

2021-2025

Growth momentum & CAGR

Accelerate at a CAGR of 4.36%

Market growth 2021-2025

USD 7.04 billion

Market structure

Fragmented

YoY growth (%)

3.84

Performing market contribution

APAC at 35%

Competitive landscape

Leading companies, competitive strategies, consumer engagement scope

Companies profiled

Baker Hughes Co., China Oilfield Services Ltd., Halliburton Co., KCA Deutag Alpha Ltd., National Oilwell Varco Inc., Schlumberger Ltd., The Drilling Co. of 1972 AS, Transocean Ltd., Valaris Plc, and Weatherford International Plc

Market Dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and future consumer dynamics, market condition analysis for the forecast period,

Customization purview

If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

Table of Contents:

1 Executive Summary

2 Market Landscape

  • 2.1 Market ecosystem
    • Exhibit 02: Market characteristics
    • Exhibit 03: Value Chain Analysis: Oil and Gas Equipment and Services
  • 2.2 Value chain analysis

3 Market Sizing

  • 3.1 Market definition
    • Exhibit 04: Offerings of vendors included in the market definition
    • Exhibit 05: Market segments
  • 3.2 Market segment analysis
  • 3.3 Market size 2020
  • 3.4 Market outlook: Forecast for 2020 - 2025
    • Exhibit 06: Global - Market size and forecast 2020 - 2025 ($ million)
    • Exhibit 07: Global market: Year-over-year growth 2020 - 2025 (%)

4 Five Forces Analysis

  • 4.1 Five Forces Summary
    • Exhibit 09: Bargaining power of buyers
  • 4.2 Bargaining power of buyers
    • Exhibit 10: Bargaining power of suppliers
  • 4.3 Bargaining power of suppliers
    • Exhibit 11: Threat of new entrants
  • 4.4 Threat of new entrants
    • Exhibit 12: Threat of substitutes
  • 4.5 Threat of substitutes
  • 4.6 Threat of rivalry
    • Exhibit 13: Threat of rivalry
    • Exhibit 14: Market condition - Five forces 2020
  • 4.7 Market condition

5 Market Segmentation by Application

  • 5.1 Market segments
    • Exhibit 16: Comparison by Application
  • 5.2 Comparison by Application
    • Exhibit 17: Shallow water - Market size and forecast 2020-2025 ($ million)
  • 5.3 Shallow water - Market size and forecast 2020-2025
    • Exhibit 18: Shallow water - Year-over-year growth 2020-2025 (%)
    • Exhibit 19: Deepwater - Market size and forecast 2020-2025 ($ million)
  • 5.4 Deepwater - Market size and forecast 2020-2025
    • Exhibit 20: Deepwater - Year-over-year growth 2020-2025 (%)
    • Exhibit 21: Ultra deepwater - Market size and forecast 2020-2025 ($ million)
  • 5.5 Ultra deepwater - Market size and forecast 2020-2025
    • Exhibit 22: Ultra deepwater - Year-over-year growth 2020-2025 (%)
    • Exhibit 23: Market opportunity by Application
  • 5.6 Market opportunity by Application

6 Customer landscape

  • 6.1 Customer landscape

7 Geographic Landscape

  • 7.1 Geographic segmentation
    • Exhibit 26: Geographic comparison
  • 7.2 Geographic comparison
    • Exhibit 27: North America - Market size and forecast 2020-2025 ($ million)
  • 7.3 North America - Market size and forecast 2020-2025
    • Exhibit 28: North America - Year-over-year growth 2020-2025 (%)
    • Exhibit 29: APAC - Market size and forecast 2020-2025 ($ million)
  • 7.4 APAC - Market size and forecast 2020-2025
    • Exhibit 30: APAC - Year-over-year growth 2020-2025 (%)
    • Exhibit 31: Europe - Market size and forecast 2020-2025 ($ million)
  • 7.5 Europe - Market size and forecast 2020-2025
    • Exhibit 32: Europe - Year-over-year growth 2020-2025 (%)
    • Exhibit 33: MEA - Market size and forecast 2020-2025 ($ million)
  • 7.6 MEA - Market size and forecast 2020-2025
    • Exhibit 34: MEA - Year-over-year growth 2020-2025 (%)
    • Exhibit 35: South America - Market size and forecast 2020-2025 ($ million)
  • 7.7 South America - Market size and forecast 2020-2025
    • Exhibit 36: South America - Year-over-year growth 2020-2025 (%)
    • Exhibit 37: Key leading countries
  • 7.8 Key leading countries
  • 7.9 Market opportunity by geography
    • Exhibit 38: Market opportunity by geography ($ million)

8 Drivers, Challenges, and Trends

  • 8.1 Market drivers
  • 8.2 Market challenges
    • Exhibit 39: Impact of drivers and challenges
  • 8.3 Market trends

9 Vendor Landscape

  • 9.1 Overview
    • Exhibit 40: Vendor landscape
  • 9.2 Vendor landscape
    • Exhibit 41: Landscape disruption
  • 9.3 Landscape disruption
    • Exhibit 42: Industry risks

10 Vendor Analysis

  • 10.1 Vendors covered
  • 10.2 Market positioning of vendors
  • 10.3 Baker Hughes Co.
    • Exhibit 47: Baker Hughes Co. – Key news
    • Exhibit 48: Baker Hughes Co. - Key offerings
    • Exhibit 49: Baker Hughes Co. - Segment focus
    • Exhibit 50: China Oilfield Services Ltd. - Overview
    • Exhibit 51: China Oilfield Services Ltd. - Business segments
  • 10.4 China Oilfield Services Ltd.
    • Exhibit 52: China Oilfield Services Ltd. - Key offerings
    • Exhibit 53: China Oilfield Services Ltd. - Segment focus
    • Exhibit 54: Halliburton Co. - Overview
    • Exhibit 55: Halliburton Co. - Business segments
  • 10.5 Halliburton Co.
    • Exhibit 56: Halliburton Co. - Key offerings
    • Exhibit 57: Halliburton Co. - Segment focus
    • Exhibit 58: KCA Deutag Alpha Ltd. - Overview
    • Exhibit 59: KCA Deutag Alpha Ltd. - Business segments
  • 10.6 KCA Deutag Alpha Ltd.
    • Exhibit 60: KCA Deutag Alpha Ltd. - Key offerings
    • Exhibit 61: KCA Deutag Alpha Ltd. - Segment focus
    • Exhibit 62: National Oilwell Varco Inc. - Overview
    • Exhibit 63: National Oilwell Varco Inc. - Business segments
  • 10.7 National Oilwell Varco Inc.
    • Exhibit 64: National Oilwell Varco Inc. – Key news
    • Exhibit 65: National Oilwell Varco Inc. - Key offerings
    • Exhibit 66: National Oilwell Varco Inc. - Segment focus
    • Exhibit 67: Schlumberger Ltd. - Overview
    • Exhibit 68: Schlumberger Ltd. - Business segments
  • 10.8 Schlumberger Ltd.
    • Exhibit 69: Schlumberger Ltd. - Key offerings
    • Exhibit 70: Schlumberger Ltd. - Segment focus
    • Exhibit 71: The Drilling Co. of 1972 AS - Overview
    • Exhibit 72: The Drilling Co. of 1972 AS - Business segments
  • 10.9 The Drilling Co. of 1972 AS
    • Exhibit 73: The Drilling Co. of 1972 AS - Key offerings
    • Exhibit 74: The Drilling Co. of 1972 AS - Segment focus
    • Exhibit 75: Transocean Ltd. - Overview
    • Exhibit 76: Transocean Ltd. - Business segments
  • 10.10 Transocean Ltd.
    • Exhibit 77: Transocean Ltd. - Key offerings
    • Exhibit 78: Valaris Plc - Overview
    • Exhibit 79: Valaris Plc - Business segments
  • 10.11 Valaris Plc
    • Exhibit 80: Valaris Plc – Key news
    • Exhibit 81: Valaris Plc - Key offerings
    • Exhibit 82: Valaris Plc - Segment focus
    • Exhibit 83: Weatherford International Plc - Overview
    • Exhibit 84: Weatherford International Plc - Business segments
  • 10.12 Weatherford International Plc
    • Exhibit 85: Weatherford International Plc - Key offerings
    • Exhibit 86: Weatherford International Plc - Segment focus

11 Appendix

  • 11.1 Scope of the report
    • Exhibit 87: Currency conversion rates for US$
  • 11.2 Currency conversion rates for US$
    • Exhibit 88: Research Methodology
  • 11.3 Research methodology
    • Exhibit 89: Validation techniques employed for market sizing
    • Exhibit 90: Information sources
    • Exhibit 91: List of abbreviations
  • 11.4 List of abbreviations

About Us
Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

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