Market Overview:
The global oil exploration ship market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The market growth can be attributed to the increasing demand for oil and gas, rising investments in offshore drilling activities, and technological advancements in the field of seismic data acquisition and processing. Based on type, the global oil exploration ship market can be segmented into mobile ships and stationary ships. The mobile segment is expected to account for a larger share of the market than the stationary segment during the forecast period. This can be attributed to factors such as increased demand for offshore drilling activities, technological advancements that have led to improved efficiency and performance of mobile ships, and lower capital investment requirements for setting up a mobile ship compared with a stationary one. Based on application, the global oil exploration ship market can be divided into two segments: oil & gas exploration and geophysical surveys.
Product Definition:
An oil exploration ship is a vessel that is used to explore for and extract oil and gas from the ocean floor. These ships are typically equipped with advanced seismic imaging equipment, as well as drilling and production facilities. The importance of oil exploration ships is that they allow companies to search for new sources of energy, which can help reduce our reliance on foreign oil.
Mobile:
Mobile is the equipment used in oil exploration ships which helps to move the ship and it's equipment where ever there is water depth. It also helps to reach remote areas easily. There are different types of mobile offshore drilling units (MODU) available in the market with different capabilities such as carrying out operations at a maximum rate, holding position, and maintaining stability while drilling.
Stationary:
Stationary is used in oil exploration ship for various operations such as it provides mechanical support to the drilling equipment, holds the position of drilling tool in wellbore and also provides stability to platform. It’s main function is not only limited to this but also helps in transportation of heavy material from one place to another, acts as a base for supply & distribution system and lastly acts as a storage facility.
The global stationary market size was valued at USD 3.
Application Insights:
The global oil exploration ship market is segmented on the basis of application into oil & gas, geophysical and others. The other applications include marine science, hydrography and cadastral surveying. Oil & gas accounted for the largest share in 2017 owing to rising demand for deep-water drilling rigs from various companies operating in upstream petroleum sectors such as national oil companies (NOCs) and private firms. For instance, according to data published by Marine Traffic NOS Ltd., a total of 1,848 ships were engaged in offshore activities across 60% of the world¢â‚¬â„¢s oceans in 2016; 870 operated by private firms while 644 were deployed by NOCs.
Geophysics was the second-largest application segment with over 300 vessels active globally since 2014.
Regional Analysis:
North America accounted for the largest share of over 40% in 2017. The region is expected to witness a growth rate of 1.9% during the forecast period, owing to increasing oil and gas E&P activities in U.S., which will drive demand for exploration vessels from 2018 to 2030. In addition, growing shale gas reserves in Canada is anticipated to boost market growth over the next eight years as well as contribute towards rising product demand from onshore and offshore projects such as pipelines, refineries, production platforms, etc.
Asia Pacific was valued at USD X billion in 2017.
Growth Factors:
- Increasing demand for oil and gas across the globe
- Rising exploration and production activities in deepwater and ultra-deepwater areas
- Proliferation of new technologies that are aiding in efficient exploration and production of oil reserves
- Stringent environmental regulations encouraging the use of advanced drilling technologies to minimize environmental impact
- Growing investments by public and private players in the oil exploration ship market
Scope Of The Report
Report Attributes
Report Details
Report Title
Oil Exploration Ship Market Research Report
By Type
Mobile, Stationary
By Application
Oil & Gas, Geophysical, Others
By Companies
Samsung Heavy, Hyundai Heavy Industries, Aban Offshore, Atwood Oceanics, Diamond Offshore, Hercules Offshore, DSME
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
235
Number of Tables & Figures
165
Customization Available
Yes, the report can be customized as per your need.
Global Oil Exploration Ship Market Report Segments:
The global Oil Exploration Ship market is segmented on the basis of:
Types
Mobile, Stationary
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 & Gas, Geophysical, Others
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:
- Samsung Heavy
- Hyundai Heavy Industries
- Aban Offshore
- Atwood Oceanics
- Diamond Offshore
- Hercules Offshore
- DSME
Highlights of The Oil Exploration Ship 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:
- Mobile
- Stationary
- By Application:
- Oil & Gas
- Geophysical
- Others
- 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 Exploration Ship 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.
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- Correctly Positioning New Products
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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?
An oil exploration ship is a specialized vessel used for exploring for and extracting oil and gas from the sea floor.
Some of the key players operating in the oil exploration ship market are Samsung Heavy, Hyundai Heavy Industries, Aban Offshore, Atwood Oceanics, Diamond Offshore, Hercules Offshore, DSME.
The oil exploration ship market is expected to register a CAGR of 5.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Oil Exploration Ship Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Oil Exploration Ship Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Oil Exploration Ship Market - Supply Chain
4.5. Global Oil Exploration Ship Market Forecast
4.5.1. Oil Exploration Ship Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Oil Exploration Ship Market Size (000 Units) and Y-o-Y Growth
4.5.3. Oil Exploration Ship Market Absolute $ Opportunity
5. Global Oil Exploration Ship Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Oil Exploration Ship Market Size and Volume Forecast by Type
5.3.1. Mobile
5.3.2. Stationary
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Oil Exploration Ship Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Oil Exploration Ship Market Size and Volume Forecast by Application
6.3.1. Oil & Gas
6.3.2. Geophysical
6.3.3. Others
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Oil Exploration Ship Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Oil Exploration Ship Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Oil Exploration Ship Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Oil Exploration Ship Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Oil Exploration Ship Demand Share Forecast, 2019-2026
9. North America Oil Exploration Ship Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Oil Exploration Ship Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Oil Exploration Ship Market Size and Volume Forecast by Application
9.4.1. Oil & Gas
9.4.2. Geophysical
9.4.3. Others
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Oil Exploration Ship Market Size and Volume Forecast by Type
9.7.1. Mobile
9.7.2. Stationary
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Oil Exploration Ship Demand Share Forecast, 2019-2026
10. Latin America Oil Exploration Ship Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Oil Exploration Ship Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Oil Exploration Ship Market Size and Volume Forecast by Application
10.4.1. Oil & Gas
10.4.2. Geophysical
10.4.3. Others
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Oil Exploration Ship Market Size and Volume Forecast by Type
10.7.1. Mobile
10.7.2. Stationary
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Oil Exploration Ship Demand Share Forecast, 2019-2026
11. Europe Oil Exploration Ship Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Oil Exploration Ship Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Oil Exploration Ship Market Size and Volume Forecast by Application
11.4.1. Oil & Gas
11.4.2. Geophysical
11.4.3. Others
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Oil Exploration Ship Market Size and Volume Forecast by Type
11.7.1. Mobile
11.7.2. Stationary
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Oil Exploration Ship Demand Share, 2019-2026
12. Asia Pacific Oil Exploration Ship Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Oil Exploration Ship Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Oil Exploration Ship Market Size and Volume Forecast by Application
12.4.1. Oil & Gas
12.4.2. Geophysical
12.4.3. Others
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Oil Exploration Ship Market Size and Volume Forecast by Type
12.7.1. Mobile
12.7.2. Stationary
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Oil Exploration Ship Demand Share, 2019-2026
13. Middle East & Africa Oil Exploration Ship Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Oil Exploration Ship Market Size and Volume 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. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Oil Exploration Ship Market Size and Volume Forecast by Application
13.4.1. Oil & Gas
13.4.2. Geophysical
13.4.3. Others
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Oil Exploration Ship Market Size and Volume Forecast by Type
13.7.1. Mobile
13.7.2. Stationary
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Oil Exploration Ship Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Oil Exploration Ship Market: Market Share Analysis
14.2. Oil Exploration Ship Distributors and Customers
14.3. Oil Exploration Ship Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Samsung Heavy
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Hyundai Heavy Industries
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Aban Offshore
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Atwood Oceanics
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Diamond Offshore
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Hercules Offshore
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. DSME
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. COMPANY8
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. COMPANY9
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. COMPANY 10
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. COMPANY 11
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. COMPANY 12
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. COMPANY 13
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. COMPANY 14
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. COMPANY 15
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. COMPANY 16
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. COMPANY 17
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
