Mobile Offshore Drilling Unit Market size is Expected to Showcase Rampant Growth Over 2027 :
Market Research Future has published a Half-Cooked Research Report on the Global Mobile Offshore Drilling Unit Market size .
Market Highlights
Mobile offshore drilling units are the facilities, which are used to drill down for oil exploration. Once the geographical predictions show the exact location of oil beneath the earth, drilling is required to examine these predictions; this is where mobile offshore drilling units are used.
The global Mobile Offshore Drilling Unit Market size has been segmented into five regions, namely, Asia-Pacific, the Middle East & Africa, Europe, North America, and South America. North America is expected to hold the largest share of the market during the forecast period. The regional market growth can be attributed to the rapid growth in offshore oil exploration operations within the oil & gas sector. Moreover, according to the US Energy Information Administration (EIA), in 2018, approximately 6.44 million bpd of crude oil was produced from tight oil resources in the US.
Key Players
The key players operating in the global Mobile Offshore Drilling Unit Market size are Keppel Corporation Limited (Singapore), Sembcorp Marine Ltd (Singapore), Daewoo Shipbuilding & Marine Engineering Co., Ltd (South Korea), Yantai Cimc Raffles (China), Hyundai Heavy Industries Co., Ltd (South Korea), Friede & Goldman, Ltd (US), Samsung Heavy Industries Co., Ltd (South Korea), Damen Shipyards Group (Netherlands), Offshore Limited (Norway), Irving Shipbuilding Inc. (Canada), Diamond Offshore Drilling Inc. (US), Nabors Industries Ltd. (Bermuda), Noble Corp. Plc (UK), and Transocean Ltd. (Switzerland).
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These factors are likely to drive the market for mobile offshore drilling units in the region. In Asia-Pacific, the Mobile Offshore Drilling Unit Market size is expected to expand significantly, owing to rising oil and gas production and extraction. Europe is also expected to foresee positive in the upcoming years owing to the increasing mining activities. The market in the Middle East & Africa and South America is likely to grow significantly owing to the rapid growth in the deepwater drilling activities in the countries in these regions. The market is expected to rebound in the upcoming years due to the increased activity in the Golden Triangle – Gulf of Mexico, Brazil, and West Africa.
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The global Mobile Offshore Drilling Unit Market size has been segmented based on type and application. Based on the type, the global Mobile Offshore Drilling Unit Market size is divided into jackup, semi-submersible, and drillship. The jackup segment is projected to hold the largest share of the market and grow at the highest rate during the review period owing to its various features such as self-sustained drilling structure and easy installation on the platform of the seafloor. All these factors are responsible for the jackup segment holding the highest market share.
Global Mobile Offshore Drilling Unit Market size is expected to grow at the highest CAGR during the forecast period.
Scope of the Report
This report presents an in-depth analysis of the global Mobile Offshore Drilling Unit Market size , tracking two market segments across five geographic regions. The report studies key players, providing a five-year annual trend analysis that highlights the market size and shares for North America, Europe, Asia-Pacific, South America, and the Middle East & Africa. The report also presents a forecast, focusing on the market opportunities for the next five years for each region. The scope of the study provides the segmentation of the global Mobile Offshore Drilling Unit Market size by type, application, and region.
Type
Jackup
Semi-submersible
Drillship
Application
Shallow Water
Deepwater
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By Region
North America
Asia-Pacific
Europe
Middle East & Africa
South America
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