Prominent players of the Global Jackup Rigs Markets who impact significantly are Seadrill Limited(Bermuda), Noble Corporation plc (UK), Diamond Offshore Drilling, Inc. (U.S), KCA DEUTAG Ltd.(Scotland), Maersk Drilling (Denmark), Rowan Companies Inc.(U.K.), COSL (China), Transocean Ltd. (Switzerland), ENSCO Plc (UK), Halliburton (U.S.) and others.
In 2018, Chinese expansion in the East China sea can be considered a positive move for the market and a lot of tie ups are on the card as China has invested heavily in jackup rigs production.
The Jackup Rigs Market is spreading out its influence more with the passing days. It all can be attributed to the operational ease it provides by bringing down complexities in the system and the way it smoothens up the workflow. These jackup rigs are used in offshore drilling and are self-elevating that can provide foundational support. This type of rigs contain drilling rig, jacking system, crew stations, helicopter landing deck, loading & unloading facilities, storage areas, and other drilling facilities. Jackup rigs work up to a water depth of 490 feet and are majorly used in all the prominent offshore production basins. The recent technological developments have made these operations more cost-effective, added advantage that could lower the production price and the final price of the end products. The global jackup rigs market is all set to achieve higher valuation during the forecast period (2017-2022) as revealed in the report published by Market Research Future (MRFR). the report includes detailed analysis of segments, factors that can boost the market growth, and expert inputs for better guidance through the forecast period.
Among the major influencers, the Global Jackup Rigs Market can bank mostly on the rising investment to enrich the production facilities of the offshore drilling areas. The event is a consequence of rising demand for energy from all the industrial verticals that have propelled nations to explore possibilities offshore. One such example is the Gulf of Mexico, which is witnessing a significant rise in the drilling process in search of energy resources. In addition, countries are trying to upgrade their existing models to lower the production cost and increase functional efficiency which can be seen as a significant jackup rigs market booster.
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The Global Jackup Rigs Market can be segmented by type, application, and operating depth for a holistic understanding of the sector.
Based on the Type
- Independent Leg Type
- Mat Type
- Mobile Offshore Drilling Units
- Offshore Wind Turbine Installation Machines
Based on the Operating Depth
- Shallow Water
- Deep Water
- Ultra Deep Water
Regional analysis of the Jackup Rigs Market leads to four definite segments such as North America, Europe, Asia Pacific (APAC), and the Rest-of-the-World (RoW).
The market is gaining significant exposure in North America and Europe. Most of the countries are thinking of the future and are trying for other sources of energy. It has been decades since they realised the potential of the offshore drilling and the countries are in pursuit of maximising that potential. Hence, better equipment and infrastructural upliftment to support production. But in Europe, the demand for strict measures to protect underwater ecosystem can pull back the growth rate a bit. Mexico is one of them to realise the potential of the Gulf of Mexico in recent times. However, Countries from the APAC such as India and China have also indulged in initiating offshore drilling.
- Distributer & Supplier companies
- End Users
- Consultants and Investment bankers
- Government as well as Independent Regulatory Authorities
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- Profiling of 10 key market players
- In-depth analysis including SWOT analysis, and strategy information of related to report title
- Competitive landscape including emerging trends adopted by major companies
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