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 major factors driving the growth of the global mobile offshore drilling unit market is the growing demand for crude oil and technical advances of mobile offshore drilling units. Moreover, the increasing offshore activities are also likely to boost the market growth as drilling is an important part of exploring offshore reserves, of which mobile offshore drilling units are essential parts. Offshore oil and gas fossil fuel production are expected to increase at a steady rate during the study period due to the growing need for fossil fuels. Furthermore, shale production techniques such as fracking are witnessing high demand from various countries across the globe. All these factors are expected to drive the demand for mobile offshore drilling units as they are used to locate the offshore oil & gas reservoirs. However, the falling crude oil prices are expected to restrict the growth of the global mobile offshore drilling unit market.
Request sample report @ https://www.marketresearchfuture.com/sample_request/10096
In 2019, North America Dominated the Mobile Offshore Drilling Unit Market in Terms of Market Share: MRFR
The global mobile offshore drilling unit market has been segmented based on type and application. Based on the type, the global mobile offshore drilling unit market 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 is expected to grow at the highest CAGR during the forecast period.
The global mobile offshore drilling unit market 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. 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 is expected to expand significantly, owing to rising oil and gas production and extraction. Europe is also expected to foresee positive trends 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.
Scope of the Report
This report presents an in-depth analysis of the global Mobile offshore drilling unit market, 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 by type, application, and region.
- Type
- Jackup
- Semi-submersible
- Drillship
- Application
- Shallow Water
- Deepwater
- By Region
- North America
- Asia-Pacific
- Europe
- Middle East & Africa
- South America
Key Players
The key players operating in the global mobile offshore drilling unit market 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).
Browse Full Report Details @ https://www.marketresearchfuture.com/reports/mobile-offshore-drilling-unit-market-10096
About Market Research Future:
Market Research Future (MRFR) is a global market research firm that takes great pleasure in its services, providing a detailed and reliable study of diverse industries and consumers worldwide. MRFR's methodology integrates proprietary information with different data sources to provide the client with a comprehensive understanding of the current key trends, upcoming events, and the steps to be taken based on those aspects.
Our rapidly expanding market research company is assisted by a competent team of research analysts who provide useful analytics and data on technological and economic developments. Our deemed analysts make industrial visits and collect valuable information from influential market players. Our main goal is to keep our clients informed of new opportunities and challenges in various markets. We offer step-by-step assistance to our valued clients through strategic and consulting services to reach managerial and actionable decisions.
Contact Us:
Market Research Future
Office No. 524/528, Amanora Chambers
Magarpatta Road, Hadapsar
Pune - 411028
Maharashtra, India
+1 646 845 9312
Email: sales@marketresearchfuture.com
Also Read More From MRFR:
