Robots Market in Oil and Gas Drilling Operations to Expand at a CAGR of 4.68% to 2021 Due to Rise in Robots Industry

ResearchMoz presents professional and in-depth study of “Global Robots Market in Oil and Gas Drilling Operations 2017-2021”.

The market deals with advanced automated machines and robotic units that carry out drilling of oil fields and connect drill pipes located under the surface, thereby assisting industrial workers in onshore and offshore operations. These advanced automated machines and robotic units are also called fully automated drilling rigs and robotic drilling systems. The global robots market in oil and gas drilling operations include offshore and onshore applications.

Technavios analysts forecast the global robots market in oil and gas drilling operations to grow at a CAGR of 4.68% during the period 2017-2021.

Covered in this report

The report covers the present scenario and the growth prospects of the global robots market in oil and gas drilling operations for 2017-2021. To calculate the market size, the report considers installations, retrofit, replacement, spares, aftermarket, and services market.

The market is divided into the following segments based on geography:

Americas

APAC

EMEA

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Technavio’s report, Global Robots Market in Oil and Gas Drilling Operations 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

Key vendors

Drillmec

Ensign

Nabors

Schramm

Other prominent vendors

Baker Hughes

Robotic Drilling Systems

DMC

Kuwait Drilling Company

Rockwell Automation

Voith (Part of Triton)

Market driver

Lower operational cost

For a full, detailed list, view our report

Market challenge

High implementation cost

For a full, detailed list, view our report

Market trend

Fully automated drilling rigs

For a full, detailed list, view our report

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Key questions answered in this report

What will the market size be in 2020 and what will the growth rate be?

What are the key market trends?

What is driving this market?

What are the challenges to market growth?

Who are the key vendors in this market space?

What are the market opportunities and threats faced by the key vendors?

What are the strengths and weaknesses of the key vendors?

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