Mobile Offshore Drilling Unit (MODU) Market 2024-2028
The mobile offshore drilling unit (MODU) market is forecasted to grow by USD 10 bn during 2023-2028, accelerating at a CAGR of 11.6% during the forecast period. The report on the mobile offshore drilling unit (MODU) 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 market scenario, the latest trends and drivers, and the overall market environment. The market is driven by increase in oil and gas demand, rising investments in the upstream oil and gas sector, and advantages of modus over other offshore drilling units.
Technavio's mobile offshore drilling unit (MODU) market is segmented as below:
- By Type
- Drillship
- Jack-up
- Semisubmersible
- By Geographical Landscape
- North America
- Middle East and Africa
- APAC
- South America
- Europe
This study identifies the rise in deep water and ultra-deep water e and p activities as one of the prime reasons driving the mobile offshore drilling unit (MODU) market growth during the next few years. Also, technological advances in modus and increasing efficiency of oil and gas e and p activities using big data analytics will lead to sizable demand in the market.
The report on the mobile offshore drilling unit (MODU) market covers the following areas:
- Mobile Offshore Drilling Unit (MODU) Market sizing
- Mobile Offshore Drilling Unit (MODU) Market forecast
- Mobile Offshore Drilling Unit (MODU) Market industry analysis
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 mobile offshore drilling unit (MODU) market vendors that include Aban Offshore Ltd., Borr Drilling Ltd., China International Marine Containers Group Ltd., China Oilfield Services Ltd., Diamond Offshore Drilling Inc., Fincantieri Spa, Hyundai Heavy Industries Group, Lloyd Alman, Nabors Industries Ltd., Nestle Marine Drilling Ltd., Noble Corp. Plc, Northern Drilling Ltd, Odfjell Drilling Ltd., Parker Drilling Co., Seadrill Ltd., Seatrium Ltd., Stena AB, Transocean Ltd., and Valaris Ltd.. Also, the mobile offshore drilling unit (MODU) market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.
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 an analysis of the key vendors.
The publisher 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 such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive primary and secondary research. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast accurate market growth.