Market Overview:
The global oil and gas drilling automation market is expected to grow at a CAGR of 6.5% from 2018 to 2030. The market growth is attributed to the increasing demand for oil and gas across the globe, coupled with the rising adoption of drilling automation technologies. The automated drilling segment is expected to hold the largest share of the global oil and gas drilling automation market in 2018, owing to its ability to improve safety, accuracy, and efficiency while reducing costs. The underwater vehicle segment is projected to grow at a high CAGR during the forecast period as it helps operators drill wells in difficult-to-access areas such as deepwater locations and harsh environments.
Product Definition:
Oil and gas drilling automation is the use of technology to control the various aspects of oil and gas drilling operations. Automation can improve safety, efficiency, and reliability while reducing costs.
Automated Drilling:
Automated drilling is a technique where a computer is used to control the movement of drill pipes and the rotation of boreholes. This method reduces human intervention, which in turn helps to increase productivity. The primary objective behind implementing automated drilling systems (ADS) is to free up resources so that more wells can be drilled with equal or better results by reducing process time and enhancing efficiency.
Automate Underwater Vehicle:
Automate underwater vehicle (AUV) is an autonomous robotic device that is used for drilling and other subsea operations. It can be used in both offshore and onshore locations. The primary function of the AUV is to carry out repetitive tasks which are normally done by a human diver, hence increasing efficiency and reducing costs.
Application Insights:
The oil industry was the largest application segment in 2017 and accounted for a market share of over 60%. The growth can be attributed to the growing demand for crude oil from countries, such as China, India and Japan. In addition, it is expected to benefit from investments by companies including Schlumberger Limited (NYSE:SLB), Halliburton Inc. (NYSE:HAL) and Baker Hughes Inc. (NASDAQ:BHI).
Natural gas industry automation witnessed significant growth in recent years owing to technological advancements coupled with increasing focus on reducing operating costs across the globe. Technological advancements have also paved way for land-based drilling activities which were previously conducted offshore due to safety concerns regarding onshore operations near residential areas or critical infrastructure facilities.
Regional Analysis:
North America dominated the global market in 2017. The region is expected to maintain its position over the forecast period. This can be attributed to technological advancements, increasing offshore drilling activities, and rising investments by major oil companies in this region. For instance, in May 2018, Royal Dutch Shell announced plans for an investment of USD X billion from 2019 to 2022 onshore and offshore U.S., which will enhance its production capacity by around 25%.
Asia Pacific is anticipated to witness significant growth over the forecast period owing to factors such as growing demand for energy across emerging economies such as India and China along with other Southeast Asian countries coupled with government initiatives towards boosting domestic production capacities through unconventional means including shale gas development.
Growth Factors:
- Increasing demand for oil and gas due to population growth and industrialization
- Rising prices of crude oil in the international market
- Stringent environmental regulations for drilling operations
- Technological advancements in drilling automation systems
- Growing demand for shale gas
Scope Of The Report
Report Attributes
Report Details
Report Title
Oil and Gas Drilling Automation Market Research Report
By Type
Automated Drilling, Automate Underwater Vehicle, Other
By Application
Oil Industry, Natural Gas Industry, Other
By Companies
ABB, Kongsberg Group, Nabors Industries, National Oilwell Varco, Pason Systems, Rockwell Automation, ABB
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
171
Number of Tables & Figures
120
Customization Available
Yes, the report can be customized as per your need.
Global Oil and Gas Drilling Automation Market Report Segments:
The global Oil and Gas Drilling Automation market is segmented on the basis of:
Types
Automated Drilling, Automate Underwater Vehicle, Other
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Oil Industry, Natural Gas Industry, Other
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- ABB
- Kongsberg Group
- Nabors Industries
- National Oilwell Varco
- Pason Systems
- Rockwell Automation
- ABB
Highlights of The Oil and Gas Drilling Automation Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Automated Drilling
- Automate Underwater Vehicle
- Other
- By Application:
- Oil Industry
- Natural Gas Industry
- Other
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Oil and Gas Drilling Automation Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Oil and gas drilling automation is a suite of technologies used in the oil and gas industry to increase efficiency and productivity. These technologies include well control systems, drilling rigs, surface equipment, and data acquisition systems. Oil and gas drilling automation helps operators manage wells more effectively by providing accurate information about the location of the wellbore, allowing for faster completion times while reducing costs.
Some of the major players in the oil and gas drilling automation market are ABB, Kongsberg Group, Nabors Industries, National Oilwell Varco, Pason Systems, Rockwell Automation, ABB.
The oil and gas drilling automation market is expected to grow at a compound annual growth rate of 6.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Oil and Gas Drilling Automation Market Overview 4.1 Introduction 4.1.1 Market Taxonomy 4.1.2 Market Definition 4.1.3 Macro-Economic Factors Impacting the Market Growth 4.2 Oil and Gas Drilling Automation Market Dynamics 4.2.1 Market Drivers 4.2.2 Market Restraints 4.2.3 Market Opportunity 4.3 Oil and Gas Drilling Automation Market - Supply Chain Analysis 4.3.1 List of Key Suppliers 4.3.2 List of Key Distributors 4.3.3 List of Key Consumers 4.4 Key Forces Shaping the Oil and Gas Drilling Automation Market 4.4.1 Bargaining Power of Suppliers 4.4.2 Bargaining Power of Buyers 4.4.3 Threat of Substitution 4.4.4 Threat of New Entrants 4.4.5 Competitive Rivalry 4.5 Global Oil and Gas Drilling Automation Market Size & Forecast, 2018-2028 4.5.1 Oil and Gas Drilling Automation Market Size and Y-o-Y Growth 4.5.2 Oil and Gas Drilling Automation Market Absolute $ Opportunity
Chapter 5 Global Oil and Gas Drilling Automation Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Oil and Gas Drilling Automation Market Size Forecast by Type
5.2.1 Automated Drilling
5.2.2 Automate Underwater Vehicle
5.2.3 Other
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Oil and Gas Drilling Automation Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Oil and Gas Drilling Automation Market Size Forecast by Applications
6.2.1 Oil Industry
6.2.2 Natural Gas Industry
6.2.3 Other
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Oil and Gas Drilling Automation Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Oil and Gas Drilling Automation Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Oil and Gas Drilling Automation Analysis and Forecast
9.1 Introduction
9.2 North America Oil and Gas Drilling Automation Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Oil and Gas Drilling Automation Market Size Forecast by Type
9.6.1 Automated Drilling
9.6.2 Automate Underwater Vehicle
9.6.3 Other
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Oil and Gas Drilling Automation Market Size Forecast by Applications
9.10.1 Oil Industry
9.10.2 Natural Gas Industry
9.10.3 Other
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Oil and Gas Drilling Automation Analysis and Forecast
10.1 Introduction
10.2 Europe Oil and Gas Drilling Automation Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Oil and Gas Drilling Automation Market Size Forecast by Type
10.6.1 Automated Drilling
10.6.2 Automate Underwater Vehicle
10.6.3 Other
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Oil and Gas Drilling Automation Market Size Forecast by Applications
10.10.1 Oil Industry
10.10.2 Natural Gas Industry
10.10.3 Other
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Oil and Gas Drilling Automation Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Oil and Gas Drilling Automation Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Oil and Gas Drilling Automation Market Size Forecast by Type
11.6.1 Automated Drilling
11.6.2 Automate Underwater Vehicle
11.6.3 Other
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Oil and Gas Drilling Automation Market Size Forecast by Applications
11.10.1 Oil Industry
11.10.2 Natural Gas Industry
11.10.3 Other
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Oil and Gas Drilling Automation Analysis and Forecast
12.1 Introduction
12.2 Latin America Oil and Gas Drilling Automation Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Oil and Gas Drilling Automation Market Size Forecast by Type
12.6.1 Automated Drilling
12.6.2 Automate Underwater Vehicle
12.6.3 Other
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Oil and Gas Drilling Automation Market Size Forecast by Applications
12.10.1 Oil Industry
12.10.2 Natural Gas Industry
12.10.3 Other
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Oil and Gas Drilling Automation Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Oil and Gas Drilling Automation Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Oil and Gas Drilling Automation Market Size Forecast by Type
13.6.1 Automated Drilling
13.6.2 Automate Underwater Vehicle
13.6.3 Other
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Oil and Gas Drilling Automation Market Size Forecast by Applications
13.10.1 Oil Industry
13.10.2 Natural Gas Industry
13.10.3 Other
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Oil and Gas Drilling Automation Market: Competitive Dashboard
14.2 Global Oil and Gas Drilling Automation Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 ABB
14.3.2 Kongsberg Group
14.3.3 Nabors Industries
14.3.4 National Oilwell Varco
14.3.5 Pason Systems
14.3.6 Rockwell Automation
14.3.7 ABB