Global Offshore Drilling Market 2024-2028

Best Price Guarantee	Length	Publisher	Published Date	SKU
from $2,500	175 Pages	TechNavio	March, 2024	INF18623258

Best Price Guarantee
Price	from $2,500
Length	175 Pages
Publisher	TechNavio
Published Date	March, 2024
SKU	INF18623258

Global Offshore Drilling Market 2024-2028

The offshore drilling market is forecasted to grow by USD 8.18 bn during 2023-2028, accelerating at a CAGR of 4.42% during the forecast period. The report on the offshore drilling 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 growth in demand for oil and natural gas, rise in deepwater and ultra-deepwater e and p activities, and rise in unconventional oil and gas resources.

Technavio's offshore drilling market is segmented as below:

By Application

Shallow water
Deepwater
Ultra deepwater

By Type

Jack up rigs
Semisubmersibles
Drill ships
Others

By Geographical Landscape

North America
Middle East and Africa
Europe
APAC
South America

This study identifies the declining costs of offshore projects as one of the prime reasons driving the offshore drilling market growth during the next few years. Also, the emergence of next-generation automated drilling rigs and increasing demand for offshore gas will lead to sizable demand in the market.

The report on the offshore drilling market covers the following areas:

Offshore drilling market sizing
Offshore drilling market forecast
Offshore drilling 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 offshore drilling market vendors that include AP Moller Maersk AS, Archer Ltd., Baker Hughes Co., China National Offshore Oil Corp., Eni SpA, Halliburton Co., Hercules Offshore Inc., KCA Deutag Alpha Ltd., Loews Corp., Nabors Industries Ltd., Noble Corp. Plc, Pacific Drilling Co., Parker Drilling Co., Saudi Arabian Oil Co., Schlumberger Ltd., Seadrill Ltd., Sembcorp Marine Ltd., Transocean Ltd., Valaris Ltd., and Weatherford International Plc. Also, the offshore drilling 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 research - both primary and secondary. 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 the accurate market growth.

Executive Summary
- Market overview
  - Table Executive Summary - Chart on Market Overview
  - Table Executive Summary - Data Table on Market Overview
  - Table Executive Summary - Chart on Global Market Characteristics
  - Table Executive Summary - Chart on Market by Geography
  - Table Executive Summary - Chart on Market Segmentation by Application
  - Table Executive Summary - Chart on Market Segmentation by Type
  - Table Executive Summary - Chart on Incremental Growth
  - Table Executive Summary - Data Table on Incremental Growth
  - Table Executive Summary - Chart on Vendor Market Positioning
Market Landscape
- Market ecosystem
  - Table Parent market
  - Table Market Characteristics
Market Sizing
- Market definition
  - Table Offerings of vendors included in the market definition
- Market segment analysis
  - Table Market segments
- Market size 2023
- Market outlook: Forecast for 2023-2028
  - Table Chart on Global - Market size and forecast 2023-2028 ($ million)
  - Table Data Table on Global - Market size and forecast 2023-2028 ($ million)
  - Table Chart on Global Market: Year-over-year growth 2023-2028 (%)
  - Table Data Table on Global Market: Year-over-year growth 2023-2028 (%)
Historic Market Size
- Global offshore drilling market 2018 - 2022
  - Table Historic Market Size - Data Table on global offshore drilling market 2018 - 2022 ($ million)
- Application Segment Analysis 2018 - 2022
  - Table Historic Market Size - Application Segment 2018 - 2022 ($ million)
- Type Segment Analysis 2018 - 2022
  - Table Historic Market Size - Type Segment 2018 - 2022 ($ million)
- Geography Segment Analysis 2018 - 2022
  - Table Historic Market Size - Geography Segment 2018 - 2022 ($ million)
- Country Segment Analysis 2018 - 2022
  - Table Historic Market Size - Country Segment 2018 - 2022 ($ million)
Five Forces Analysis
- Five forces summary
  - Table Five forces analysis - Comparison between 2023 and 2028
- Bargaining power of buyers
  - Table Chart on Bargaining power of buyers - Impact of key factors 2023 and 2028
- Bargaining power of suppliers
  - Table Bargaining power of suppliers - Impact of key factors in 2023 and 2028
- Threat of new entrants
  - Table Threat of new entrants - Impact of key factors in 2023 and 2028
- Threat of substitutes
  - Table Threat of substitutes - Impact of key factors in 2023 and 2028
- Threat of rivalry
  - Table Threat of rivalry - Impact of key factors in 2023 and 2028
- Market condition
  - Table Chart on Market condition - Five forces 2023 and 2028
Market Segmentation by Application
- Market segments
  - Table Chart on Application - Market share 2023-2028 (%)
  - Table Data Table on Application - Market share 2023-2028 (%)
- Comparison by Application
  - Table Chart on Comparison by Application
  - Table Data Table on Comparison by Application
- Shallow water - Market size and forecast 2023-2028
  - Table Chart on Shallow water - Market size and forecast 2023-2028 ($ million)
  - Table Data Table on Shallow water - Market size and forecast 2023-2028 ($ million)
  - Table Chart on Shallow water - Year-over-year growth 2023-2028 (%)
  - Table Data Table on Shallow water - Year-over-year growth 2023-2028 (%)
- Deepwater - Market size and forecast 2023-2028
  - Table Chart on Deepwater - Market size and forecast 2023-2028 ($ million)
  - Table Data Table on Deepwater - Market size and forecast 2023-2028 ($ million)
  - Table Chart on Deepwater - Year-over-year growth 2023-2028 (%)
  - Table Data Table on Deepwater - Year-over-year growth 2023-2028 (%)
- Ultra deepwater - Market size and forecast 2023-2028
  - Table Chart on Ultra deepwater - Market size and forecast 2023-2028 ($ million)
  - Table Data Table on Ultra deepwater - Market size and forecast 2023-2028 ($ million)
  - Table Chart on Ultra deepwater - Year-over-year growth 2023-2028 (%)
  - Table Data Table on Ultra deepwater - Year-over-year growth 2023-2028 (%)
- Market opportunity by Application
  - Table Market opportunity by Application ($ million)
  - Table Data Table on Market opportunity by Application ($ million)
Market Segmentation by Type
- Market segments
  - Table Chart on Type - Market share 2023-2028 (%)
  - Table Data Table on Type - Market share 2023-2028 (%)
- Comparison by Type
  - Table Chart on Comparison by Type
  - Table Data Table on Comparison by Type
- Jack up rigs - Market size and forecast 2023-2028
  - Table Chart on Jack up rigs - Market size and forecast 2023-2028 ($ million)
  - Table Data Table on Jack up rigs - Market size and forecast 2023-2028 ($ million)
  - Table Chart on Jack up rigs - Year-over-year growth 2023-2028 (%)
  - Table Data Table on Jack up rigs - Year-over-year growth 2023-2028 (%)
- Semisubmersibles - Market size and forecast 2023-2028
  - Table Chart on Semisubmersibles - Market size and forecast 2023-2028 ($ million)
  - Table Data Table on Semisubmersibles - Market size and forecast 2023-2028 ($ million)
  - Table Chart on Semisubmersibles - Year-over-year growth 2023-2028 (%)
  - Table Data Table on Semisubmersibles - Year-over-year growth 2023-2028 (%)
- Drill ships - Market size and forecast 2023-2028
  - Table Chart on Drill ships - Market size and forecast 2023-2028 ($ million)
  - Table Data Table on Drill ships - Market size and forecast 2023-2028 ($ million)
  - Table Chart on Drill ships - Year-over-year growth 2023-2028 (%)
  - Table Data Table on Drill ships - Year-over-year growth 2023-2028 (%)
- Others - Market size and forecast 2023-2028
  - Table Chart on Others - Market size and forecast 2023-2028 ($ million)
  - Table Data Table on Others - Market size and forecast 2023-2028 ($ million)
  - Table Chart on Others - Year-over-year growth 2023-2028 (%)
  - Table Data Table on Others - Year-over-year growth 2023-2028 (%)
- Market opportunity by Type
  - Table Market opportunity by Type ($ million)
  - Table Data Table on Market opportunity by Type ($ million)
Customer Landscape
- Customer landscape overview
  - Table Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria
Geographic Landscape
- Geographic segmentation
  - Table Chart on Market share by geography 2023-2028 (%)
  - Table Data Table on Market share by geography 2023-2028 (%)
- Geographic comparison
  - Table Chart on Geographic comparison
  - Table Data Table on Geographic comparison
- North America - Market size and forecast 2023-2028
  - Table Chart on North America - Market size and forecast 2023-2028 ($ million)
  - Table Data Table on North America - Market size and forecast 2023-2028 ($ million)
  - Table Chart on North America - Year-over-year growth 2023-2028 (%)
  - Table Data Table on North America - Year-over-year growth 2023-2028 (%)
- Middle East and Africa - Market size and forecast 2023-2028
  - Table Chart on Middle East and Africa - Market size and forecast 2023-2028 ($ million)
  - Table Data Table on Middle East and Africa - Market size and forecast 2023-2028 ($ million)
  - Table Chart on Middle East and Africa - Year-over-year growth 2023-2028 (%)
  - Table Data Table on Middle East and Africa - Year-over-year growth 2023-2028 (%)
- Europe - Market size and forecast 2023-2028
  - Table Chart on Europe - Market size and forecast 2023-2028 ($ million)
  - Table Data Table on Europe - Market size and forecast 2023-2028 ($ million)
  - Table Chart on Europe - Year-over-year growth 2023-2028 (%)
  - Table Data Table on Europe - Year-over-year growth 2023-2028 (%)
- APAC - Market size and forecast 2023-2028
  - Table Chart on APAC - Market size and forecast 2023-2028 ($ million)
  - Table Data Table on APAC - Market size and forecast 2023-2028 ($ million)
  - Table Chart on APAC - Year-over-year growth 2023-2028 (%)
  - Table Data Table on APAC - Year-over-year growth 2023-2028 (%)
- South America - Market size and forecast 2023-2028
  - Table Chart on South America - Market size and forecast 2023-2028 ($ million)
  - Table Data Table on South America - Market size and forecast 2023-2028 ($ million)
  - Table Chart on South America - Year-over-year growth 2023-2028 (%)
  - Table Data Table on South America - Year-over-year growth 2023-2028 (%)
- US - Market size and forecast 2023-2028
  - Table Chart on US - Market size and forecast 2023-2028 ($ million)
  - Table Data Table on US - Market size and forecast 2023-2028 ($ million)
  - Table Chart on US - Year-over-year growth 2023-2028 (%)
  - Table Data Table on US - Year-over-year growth 2023-2028 (%)
- Saudi Arabia - Market size and forecast 2023-2028
  - Table Chart on Saudi Arabia - Market size and forecast 2023-2028 ($ million)
  - Table Data Table on Saudi Arabia - Market size and forecast 2023-2028 ($ million)
  - Table Chart on Saudi Arabia - Year-over-year growth 2023-2028 (%)
  - Table Data Table on Saudi Arabia - Year-over-year growth 2023-2028 (%)
- Russia - Market size and forecast 2023-2028
  - Table Chart on Russia - Market size and forecast 2023-2028 ($ million)
  - Table Data Table on Russia - Market size and forecast 2023-2028 ($ million)
  - Table Chart on Russia - Year-over-year growth 2023-2028 (%)
  - Table Data Table on Russia - Year-over-year growth 2023-2028 (%)
- China - Market size and forecast 2023-2028
  - Table Chart on China - Market size and forecast 2023-2028 ($ million)
  - Table Data Table on China - Market size and forecast 2023-2028 ($ million)
  - Table Chart on China - Year-over-year growth 2023-2028 (%)
  - Table Data Table on China - Year-over-year growth 2023-2028 (%)
- United Arab Emirates - Market size and forecast 2023-2028
  - Table Chart on United Arab Emirates - Market size and forecast 2023-2028 ($ million)
  - Table Data Table on United Arab Emirates - Market size and forecast 2023-2028 ($ million)
  - Table Chart on United Arab Emirates - Year-over-year growth 2023-2028 (%)
  - Table Data Table on United Arab Emirates - Year-over-year growth 2023-2028 (%)
- Market opportunity by geography
  - Table Market opportunity by geography ($ million)
  - Table Data Tables on Market opportunity by geography ($ million)
Drivers, Challenges, and Trends
- Market drivers
  - Growth in demand for oil and natural gas
  - Rise in deepwater and ultra-deepwater E and P activities
  - Rise in unconventional oil and gas resources
- Market challenges
  - Environmental concerns associated with offshore E and P activities
  - Change in energy mix
  - Stringent government regulations
- Impact of drivers and challenges
  - Table Impact of drivers and challenges in 2023 and 2028
- Market trends
  - Declining costs of offshore projects
  - Emergence of next-generation automated drilling rigs
  - Increasing demand for offshore gas
Vendor Landscape
- Overview
- Vendor landscape
  - Table Overview on Criticality of inputs and Factors of differentiation
- Landscape disruption
  - Table Overview on factors of disruption
- Industry risks
  - Table Impact of key risks on business
Vendor Analysis
- Vendors covered
  - Table Vendors covered
- Market positioning of vendors
  - Table Matrix on vendor position and classification
- Archer Ltd.
  - Table Archer Ltd. - Overview
  - Table Archer Ltd. - Business segments
  - Table Archer Ltd. - Key offerings
  - Table Archer Ltd. - Segment focus
- Baker Hughes Co.
  - Table Baker Hughes Co. - Overview
  - Table Baker Hughes Co. - Business segments
  - Table Baker Hughes Co. - Key news
  - Table Baker Hughes Co. - Key offerings
  - Table Baker Hughes Co. - Segment focus
- China National Offshore Oil Corp.
  - Table China National Offshore Oil Corp. - Overview
  - Table China National Offshore Oil Corp. - Business segments
  - Table China National Offshore Oil Corp. - Key offerings
  - Table China National Offshore Oil Corp. - Segment focus
- Eni SpA
  - Table Eni SpA - Overview
  - Table Eni SpA - Business segments
  - Table Eni SpA - Key offerings
  - Table Eni SpA - Segment focus
- Halliburton Co.
  - Table Halliburton Co. - Overview
  - Table Halliburton Co. - Business segments
  - Table Halliburton Co. - Key news
  - Table Halliburton Co. - Key offerings
  - Table Halliburton Co. - Segment focus
- Hercules Offshore Inc.
  - Table Hercules Offshore Inc. - Overview
  - Table Hercules Offshore Inc. - Product / Service
  - Table Hercules Offshore Inc. - Key offerings
- Nabors Industries Ltd.
  - Table Nabors Industries Ltd. - Overview
  - Table Nabors Industries Ltd. - Business segments
  - Table Nabors Industries Ltd. - Key offerings
  - Table Nabors Industries Ltd. - Segment focus
- Noble Corp. Plc
  - Table Noble Corp. Plc - Overview
  - Table Noble Corp. Plc - Business segments
  - Table Noble Corp. Plc - Key offerings
  - Table Noble Corp. Plc - Segment focus
- Pacific Drilling Co.
  - Table Pacific Drilling Co. - Overview
  - Table Pacific Drilling Co. - Product / Service
  - Table Pacific Drilling Co. - Key offerings
- Parker Drilling Co.
  - Table Parker Drilling Co. - Overview
  - Table Parker Drilling Co. - Product / Service
  - Table Parker Drilling Co. - Key offerings
- Saudi Arabian Oil Co.
  - Table Saudi Arabian Oil Co. - Overview
  - Table Saudi Arabian Oil Co. - Product / Service
  - Table Saudi Arabian Oil Co. - Key offerings
- Seadrill Ltd.
  - Table Seadrill Ltd. - Overview
  - Table Seadrill Ltd. - Business segments
  - Table Seadrill Ltd. - Key offerings
  - Table Seadrill Ltd. - Segment focus
- Transocean Ltd.
  - Table Transocean Ltd. - Overview
  - Table Transocean Ltd. - Product / Service
  - Table Transocean Ltd. - Key offerings
- Valaris Ltd.
  - Table Valaris Ltd. - Overview
  - Table Valaris Ltd. - Business segments
  - Table Valaris Ltd. - Key offerings
  - Table Valaris Ltd. - Segment focus
- Weatherford International Plc
  - Table Weatherford International Plc - Overview
  - Table Weatherford International Plc - Business segments
  - Table Weatherford International Plc - Key offerings
  - Table Weatherford International Plc - Segment focus
Appendix
- Scope of the report
  - Market definition
  - Objectives
  - Notes and caveats
- Inclusions and exclusions checklist
  - Table Inclusions checklist
  - Table Exclusions checklist
- Currency conversion rates for US$
  - Table Currency conversion rates for US$
- Research methodology
  - Table Research methodology
  - Table Validation techniques employed for market sizing
  - Table Information sources
- List of abbreviations
  - Table List of abbreviations