Business Industries Research

Jackup Rigs Market Trends, Challenges, Demand and Increasing Adoption of New Technology till 2022

Press Release

One of the most significant factors for the growth of jackup rigs market is the increasing global demand for energy. This is due to the increased economic growth and the growing population worldwide. There has been significant investment in the oil & gas exploration activities, especially in the Middle East and Asia-Pacific regions. This has led to significant recent discoveries of oil & gas reserves in the remote areas of these regions. Furthermore, research and development in jackup rigs has resulted in technological advancements in terms of equipment for offshore drilling capacities. This in turn has resulted in jackup rigs being cost effective and more feasible for drilling operations, thus driving the market growth.

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Industry Segmentation

The market has been analyzed based on the types, applications, operating depths and regions. Among all the regions, the Asia-Pacific is expected to grow rapidly. The rapid growth in population and in demand for energy is expected to drive the growth of the jackup rigs market in the region over the forecast period. Further growth,  projected for  the North America and Middle East regions, is expected to drive the overall growth of the market.

Regional Outlook

North America currently has the highest market share and is expected to drive the growth of the market, along with Europe region, due to the continuous oil and gas exploration activities. The jack up rigs market in the Gulf of Mexico is quite well established and the growing population will further raise the requirement. In the developing economies of Asia-Pacific and Middle East regions there is an increased requirement for offshore drilling market because of new discoveries of oil & gas reserves. This is expected to drive the demand for jackup rigs market.

Leading Players

The key players of global jackup rigs markets are Rowan Companies Inc.(U.K.), Noble Corporation plc (UK), KCA DEUTAG Ltd.(Scotland), Maersk Drilling (Denmark), Diamond Offshore Drilling, Inc. (U.S), COSL (China), Transocean Ltd. (Switzerland), Seadrill Limited(Bermuda), ENSCO Plc (UK),  Halliburton (U.S.) and others.

Scope of the Report

This research report has provides the insights, on various levels of analyses such industry analysis, market share analysis leading market players and their profiles. This report also helps in studying the target segments by providing views on emerging & high-growth segments and market conclusion. Together the market data comprise and discuss with the basic assessments on the competitive scenarios & strategies, of the Global Jackup Rigs market, including the high-growth regions, countries and their political, economic and technological environments. Furthermore the project report also provides the views over the historical market values as well as, pricing and cost analysis of the same.

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Table Of Contents

1 Executive Summary

2 Research Methodology

2.1 Scope Of The Study

2.1.1 Definition

2.1.2 Research Objective

2.1.3 Assumptions

2.1.4 Limitations

2.2 Research Process

2.2.1 Primary Research

2.2.2 Secondary Research

2.3 Market Size Estimation

2.4 Forecast Model

3 Market Dynamics

3.1 Market Drivers

3.2 Market Inhibitors

3.3 Supply/Value Chain Analysis

3.4 Porter’s Five Forces Analysis

4 Global Jackup Rigs Market, By Type

4.1 Introduction

4.2 Independent Leg Type

4.3. Mat Type

5 Global Jackup Rigs Market, By Application

5.1 Introduction

5.2. Mobile Offshore Drilling Units

5.3. Offshore Wind Turbine Installations

6 Global Jackup Rigs Market, By Application

6.1 Introduction

6.2. Shallow Water

6.3. Deep Water

6.4. Ultra Deep Water


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This post was originally published on Trading Herald

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