Global robotic drilling equipment Market: Industry Analysis and Forecast, 2020-2027
The global robotic drilling equipment market report offers the complete market share, size, and the growth rate of different segments at both the country and regional levels. It provides an in-depth study of the market subtleties such as the current trends, drivers, opportunities, and even the restraining factors. The report also highlights the qualitative aspects in the study. The frontrunners have been thoroughly assessed based on their revenue size, service/product portfolio, regional presence, key plans & policies, and overall contribution to the growth of the robotic drilling equipment market.
The robotic drilling equipment market was valued at $804.0 million in 2019, and is expected to reach $1,017.4 million by 2027, registering a CAGR of 8.4% from 2020 to 2027.
𝐃𝐨𝐰𝐧𝐥𝐨𝐚𝐝 𝐒𝐚𝐦𝐩𝐥𝐞 𝐂𝐨𝐩𝐲 : https://www.alliedmarketresearch.com/request-sample/9715
Robotic drilling, also known as automated drilling, is an automation system that is specially developed for drilling operations in the oil & gas industry. It offers better solution for operations carried out in the oil & gas industry such as less drilling times, multi-sensor measurements, safer operations, and mass production. Robotic drilling companies manufacture robotic hardware as well as software to program and control the robots working on oil & gas rigs.
𝐂𝐨𝐯𝐢𝐝–𝟏𝟗 𝐒𝐜𝐞𝐧𝐚𝐫𝐢𝐨:
- Owing to temporary closure of manufacturing facilities and disruptions in the supply chain, the global robotic drilling equipment market has been negatively impacted, especially in the initial period of the pandemic.
- Unavailability of raw materials and shortage of skilled labor force was a major challenge, which is why, carrying out manufacturing in full capacity was impossible.
- The demand from applications sectors reduced significantly due to stoppage of new construction, deployment, and maintenance activities during the lockdown. However, the demand is expected to regain during the post-lockdown.
𝐑𝐞𝐩𝐨𝐫𝐭 𝐜𝐨𝐯𝐞𝐫𝐚𝐠𝐞 & 𝐝𝐞𝐭𝐚𝐢𝐥𝐬:
| Report Coverage | Details |
| Market size available for the years | 2021-2027 |
| Base year considered | 2021 |
| Forecast period | 2022-2031 |
| Forecast unit | Value (USD) |
| Segments covered | Product TypeApplicationEnd User |
| Regions covered | North America (the U.S., Canada, and Mexico), Europe (Germany, the UK, France, Spain, Italy, and rest of Europe)Asia-Pacific (China, Japan, India, South Korea, Australia, and rest of Asia-Pacific)LAMEA (Latin America, the Middle East, and Africa) |
| Companies covered | Automated Rig Technologies Ltd., Drillform Technical Services Ltd., Drillmec Inc., Epiroc AB, Herrenknecht AG, Huisman Equipment B.V., KCA Deutag Alpha Limited, Loadmaster Universal Rigs, Inc., Nabors Industries Ltd., National Oilwell Varco, Inc. |
𝐒𝐩𝐞𝐚𝐤 𝐖𝐢𝐭𝐡 𝐀𝐧𝐚𝐥𝐲𝐬𝐭 : https://www.alliedmarketresearch.com/connect-to-analyst/9715
𝐊𝐞𝐲 𝐁𝐞𝐧𝐞𝐟𝐢𝐭𝐬 𝐟𝐨𝐫 𝐒𝐭𝐚𝐤𝐞𝐡𝐨𝐥𝐝𝐞𝐫𝐬:
- This report provides a detailed quantitative analysis of the market segments, current trends, estimations, and dynamics of the robotic drilling equipment market analysis from 2020 to 2027 to identify the prevailing robotic drilling equipment market opportunities.
- The global robotic drilling equipment market study offers insightful data on several factors such as social, environmental, political, and others that can influence robotic drilling equipment market growth.
- Porter’s five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
- In-depth analysis of the robotic drilling equipment market segmentation assists to determine the prevailing market opportunities.
- An extensive analysis of various regions provides insights that are expected to allow companies to strategically plan their business moves.
- Major market players within the market are profiled in this report and their strategies are analyzed thoroughly.
- The report includes the analysis of the regional as well as global robotic drilling equipment market trends, key players, market segments, application areas, and market growth strategies.