Robotic Drilling Market by New Innovations, Technology And Research 2018, Forecasts till 2023

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Robotic Drilling Market by New Innovations,
Technology And Research 2018, Forecasts till 2023
www.MarketsandMarkets.com
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The report "Robotic Drilling Market Application
(Onshore and Offshore), Installation (New Builds
and Retrofits), Components (Hardware and
Software), and Region (North America, Asia
Pacific, Europe, Middle East) - Global Forecast
to 2023", The robotic drilling market is expected
to grow from an estimated USD 658.0 Million in
2018 to USD 923.3 Million by 2023, at a CAGR of
7.01 from 2018 to 2023. This market growth is
driven by the increased drilling activities due
to the development of unconventional hydrocarbon
resources and the adoption of automation and
robotics in oil and gas drilling, which results
in higher efficiency drilling and improved safety
in rigs. PDF Brochure https//www.marketsandma
rkets.com/pdfdownload.asp?id227235522

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The onshore application is expected to hold a
larger share of the robotic drilling market
during the forecast period. The onshore segment
accounted for a larger market for robotic
drilling, based on application, in 2017. Globally
70 of the oil and gas production takes place at
onshore oil and gas fields. These fields require
less capital investment in comparison with
offshore fields and the costs related to
automation in these fields are relatively low.
Formations in onshore wells are more stable
during the drilling process than those in
offshore therefore, the adoption of automation
in such areas is faster for improving the
drilling efficiency. The market for onshore
robotic drilling systems is expected to grow at a
significant rate in the coming years. The US and
China with vast onshore reserves present ample
opportunities for the providers of onshore
robotic drilling systems. Request for
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Browse gtgt 68 market data
tables 30 figures
111 pages and in-depth TOC on Robotic
Drilling Market Early buyers will receive 10
customization on this report. This is a
Premium Report Priced at US 5650 for single
user. Corporate User US8150 This study
answers several questions for the stakeholders,
primarily which market segments to focus on in
the next two to five years to prioritize efforts
and investments.
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North America is expected to be the
fastest-growing robotic drilling market. In this
report, the robotic drilling market has been
analyzed with respect to 5 regions, namely, North
America, Europe, Asia Pacific, the Middle East,
and Rest of the World. North America is expected
to be the largest and fastest-growing market,
based on region, during the forecast period. The
increased shale gas production and faster
adoption of advanced technologies in drilling
drive the growth of the robotic drilling market
in the region. Asia Pacific is expected to be the
second fastest-growing region in the robotic
drilling market. To enable an in-depth
understanding of the competitive landscape, the
report includes the profiles of some top players
in the robotic drilling market, including Nabors
(US), Precision (Canada), Weatherford
(Switzerland), Huisman (Netherlands), and
National Oilwell Varco (US). Request Sample _at_
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• Target Audience
• Drilling equipment manufacturers and suppliers
• Exploration and production companies
• National and international drilling associations
• Oilfield services providers
• Speak to analyst _at_ https//www.marketsandmarkets.c
  om/speaktoanalyst.asp?id227235522

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• Key players -
• To enable an in-depth understanding of the
  competitive landscape, the report includes the
  profiles of some of the top players in the
  market. These include
• National Oilwell Varco
• Weatherford International
• Nabors Rds
• Ensign Energy Services
• Huisman
• Drillmec
• Precision Drilling
• Sekal
• Abraj Energy
• Drillform Technical
• Buy Now -
• https//www.marketsandmarkets.com/Purchase/purchas
  e_report1.asp?id227235522

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