News

Offshore Drilling Market Size, Share, Industry Analysis, Global Trends and Regional Forecast, 2019-2026

The global offshore drilling market size is slated to reach USD 56.97 billion by 2026, exhibiting a CAGR of 7.9% during the forecast period. Surging demand for electricity worldwide is expected to drive the growth of this market, states Fortune Business Insights™ in its new report, titled “Offshore Drilling Market Size, Share and Industry Analysis, By Rig Type (Drill-ships, Semi-submersibles, and Jackups), By Water Depth (Shallow Water, Deepwater, and Ultra-Deepwater), and Regional Forecast, 2019-2026”.

To Gain More Insights into the Offshore Drilling Market, Browse Summary of the Research Report: https://www.fortunebusinessinsights.com/offshore-drilling-market-102636

According to the International Energy Agency (IEA), the global demand for electricity is projected to rise by 2.1% annually till 2040, representing an increase from 19% in 2018 to 24% in 2040 in terms of share of electricity in total energy consumption. Moreover, presently, non-renewable sources account for 36% of the total electricity generation around the world. Fossil fuel-powered plants require oil and gas to function smoothly and generate a stable amount of electricity. With the accelerating pace of urbanization and industrialization in emerging economies, the demand for electricity will necessitate higher production of oil and gas, which will drive the offshore drilling market trends.

An Overview of the Impact of COVID-19 on this Market:

The emergence of COVID-19 has brought the world to a standstill. We understand that this health crisis has brought an unprecedented impact on businesses across industries. However, this too shall pass. Rising support from governments and several companies can help in the fight against this highly contagious disease. There are some industries that are struggling and some are thriving. Overall, almost every sector is anticipated to be impacted by the pandemic.

We are taking continuous efforts to help your business sustain and grow during COVID-19 pandemics. Based on our experience and expertise, we will offer you an impact analysis of coronavirus outbreak across industries to help you prepare for the future.

Click here to get the short-term and long-term impact of COVID-19 on this Market. Please visit: https://www.fortunebusinessinsights.com/enquiry/covid19-impact/offshore-drilling-market-102636

List of Players Covered in the Offshore Drilling Market Report:

  • Archer Well Company (Norway)
  • Borr Drilling (Bermuda)
  • Odfjell Drilling (Norway)
  • Pacific Drilling (United State)
  • Noble Drilling (United Kingdom)
  • Valaris plc (United Kingdom)
  • Transocean (Switzerland)
  • Shelf Drilling (UAE)
  • Maersk Drilling (Denmark)
  • KCA Deutag (United Kingdom)
  • COSL – China Oilfield Services Limited (China)
  • Diamond Offshore Drilling, Inc. (United States)
  • Saipem (Italy)
  • Nabors Industries (Bermuda)

Request a Sample Copy for more detailed Offshore Drilling Market Overview: https://www.fortunebusinessinsights.com/enquiry/sample/offshore-drilling-market-102636

Regional Analysis:

Asia-Pacific to Occupy Commanding Position; Middle East & Africa to Show Promising Growth

Asia-Pacific, which boasted a market size of USD 11.23 billion in 2018, is anticipated to command the offshore drilling market share during the forecast period on account of potential presence of undiscovered oil & gas reserves. The Middle East is well-known for its vast hydrocarbon reserves and countries such as Saudi Arabia and Qatar are further ramping up their exploration & production (E&P) capabilities through extensive fleet expansion activities. Africa is fast emerging as a major hotbed of hydrocarbon sources, prompting huge investments by companies and governments in the continent. European energy majors, namely Norway, UK, Germany, and Russia, are making significant investments in increasing their offshore E&P activities, especially in the North Sea and the Norwegian continental shelf.

Major Table of Content for Offshore Drilling Market:

  1. Introduction
  2. Executive Summary
  3. Market Dynamics
  4. Key Insights
  5. Global Offshore Drilling Market Analysis (USD Billion), Insights and Forecast, 2015-2026
  6. North America Offshore Drilling Market Analysis (USD Billion), Insights and Forecast, 2015-2026
  7. Latin America Offshore Drilling Market Analysis (USD Billion), Insights and Forecast, 2015-2026
  8. Europe Offshore Drilling Market Analysis (USD Billion), Insights and Forecast, 2015-2026
  9. Asia Pacific Offshore Drilling Market Analysis (USD Billion), Insights and Forecast, 2015-2026
  10. Middle East and Africa Offshore Drilling Market Analysis (USD Billion), Insights and Forecast, 2015-2026
  11. Competitive Analysis

Complete TOC Available Here….

Purchase Full Report for Exclusive Offshore Drilling Market Growth Forecast – https://www.fortunebusinessinsights.com/checkout-page/102636

Other Exclusive Reports:

Building Integrated Photovoltaics Market 2020 Global Trends, Key Company Profiles, Share, Growth, Analysis, Opportunities and Forecast To 2026

Circulating Fluidized Bed Boilers Market to Get Expansion admist COVID 19, Scope With Advanced Technologies Top Key Players and Forecast 2020-2026

Electric Radiators Market: Global Industry Analysis by Size, Share, Growth, Trends and Forecast 2020 – 2026

Hydronic Radiators Market to Get Expansion admist COVID 19, Scope With Advanced Technologies Top Key Players and Forecast 2020-2026

About Us:

Fortune Business Insights™ offers expert corporate analysis and accurate data, helping organizations of all sizes make timely decisions. We tailor innovative solutions for our clients, assisting them to address challenges distinct to their businesses. Our goal is to empower our clients with holistic market intelligence, giving a granular overview of the market they are operating in.

Our reports contain a unique mix of tangible insights and qualitative analysis to help companies achieve sustainable growth. Our team of experienced analysts and consultants use industry-leading research tools and techniques to compile comprehensive market studies, interspersed with relevant data.

At Fortune Business Insights™ we aim at highlighting the most lucrative growth opportunities for our clients. We, therefore, offer recommendations, making it easier for them to navigate through technological and market-related changes. Our consulting services are designed to help organizations identify hidden opportunities and understand prevailing competitive challenges.

Contact Us:
Fortune Business Insights™ Pvt. Ltd.
308, Supreme Headquarters,
Survey No. 36, Baner,
Pune-Bangalore Highway,
Pune – 411045, Maharashtra, India.
Phone:
US :+1 424 253 0390
UK : +44 2071 939123ac
APAC : +91 744 740 1245
Email: [email protected]