Deepwater And Ultra-deepwater Drilling Market 2024-2028
The deepwater and ultra-deepwater drilling market is forecasted to grow by USD 3910.2 mn during 2023-2028, accelerating at a CAGR of 5.01% during the forecast period. The report on the deepwater and ultra-deepwater drilling market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by increasing demand for oil and gas, depletion of onshore reserves, and advancements in deepwater and ultra-deepwater drilling technology.
Market Scope
Base Year
2024
End Year
2028
Series Year
2024-2028
Growth Momentum
Accelerate
YOY 2024
4.68%
CAGR
5.01%
Incremental Value
$3910.2 mn
Technavio's deepwater and ultra-deepwater drilling market is segmented as below:
By Application
Deepwater drilling
Ultra-deepwater drilling
By Type
Drill ships
Semisubmersible
By Geographical Landscape
North America
APAC
Europe
Middle East and Africa
South America
This study identifies the growing adoption of digital technologies as one of the prime reasons driving the deepwater and ultra-deepwater drilling market growth during the next few years. Also, increasing focus on sustainability and environmental stewardship and consolidation of deepwater drilling industry will lead to sizable demand in the market.
The report on the deepwater and ultra-deepwater drilling market covers the following areas:
Deepwater and ultra-deepwater drilling market sizing
Deepwater and ultra-deepwater drilling market forecast
Deepwater and ultra-deepwater drilling market industry analysis
The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading deepwater and ultra-deepwater drilling market vendors that include Aban Offshore Ltd., Aker Solutions ASA, Baker Hughes Co., Chevron Corp., Diamond Offshore Drilling Inc., Dolphin Drilling AS, Eni SpA, Halliburton Co., Nabors Industries Ltd., Noble Corp. Plc, Oceaneering International Inc., Schlumberger Ltd., Seadrill Ltd., Transocean Ltd., and Valaris Ltd.. Also, the deepwater and ultra-deepwater drilling market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.
The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive primary and secondary research. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast accurate market growth.
Table of Contents
1 Executive Summary
1.1 Market overview
Executive Summary - Chart on Market Overview
Executive Summary - Data Table on Market Overview
Executive Summary - Chart on Global Market Characteristics
Executive Summary - Chart on Market By Geographical Landscape
Executive Summary - Chart on Market Segmentation by Application
Executive Summary - Chart on Market Segmentation by Type
Executive Summary - Chart on Incremental Growth
Executive Summary - Data Table on Incremental Growth
Executive Summary - Chart on Company Market Positioning
2 Market Landscape
2.1 Market ecosystem
Parent Market
Data Table on - Parent Market
2.2 Market characteristics
Market characteristics analysis
2.3 Value chain analysis
Value Chain Analysis
3 Market Sizing
3.1 Market definition
Offerings of companies included in the market definition
3.2 Market segment analysis
Market segments
3.3 Market size 2023
3.4 Market outlook: Forecast for 2023-2028
Chart on Global - Market size and forecast 2023-2028 ($ million)
Data Table on Global - Market size and forecast 2023-2028 ($ million)
Chart on Global Market: Year-over-year growth 2023-2028 (%)
Data Table on Global Market: Year-over-year growth 2023-2028 (%)
4 Historic Market Size
4.1 Global Deepwater And Ultra-Deepwater Drilling Market 2018 - 2022
Historic Market Size - Data Table on Global Deepwater And Ultra-Deepwater Drilling Market 2018 - 2022 ($ million)