Market Overview:
The global oilfield rotary table 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 across the globe. In addition, the growing exploration and production activities in offshore areas are also contributing to the growth of this market. The global oilfield rotary table market is segmented on the basis of type, application, and region. On the basis of type, it is divided into 500 ton-1000 ton, 1000 ton-1500 ton, and 1500 ton-2000ton segments. The 1000ton-1500ton segment is expected to grow at a higher CAGR duringthe forecast period owingto its high demand from offshore applications. The onshore segment dominates thismarket owingto its high adoption in North Americaand Europe regions .
Product Definition:
The oilfield rotary table is a heavy-duty piece of machinery used to support the weight of the drill string, bit and other drilling equipment while it is being lowered into and withdrawn from a well. The rotary table also provides a rotating motion to the drill string, which helps to bore through the earth's surface.
500 Ton-1000 Ton:
500-ton & 1000-ton are two common sizes of rotary table used in the oilfield services. 500 ton size is generally used for medium and heavy drilling operations, whereas 1000-ton rotary table is mostly preferred for light to medium drilling operations. The market demand fluctuates according to the oilfield activities across the globe.
1000 Ton-1500 Ton:
1000 ton-1500ton is a kind of Rotary Table which can carry weight up to 1000 tons and it's capacity varies between 1500 to 35000 gallons. It is mainly used in offshore drilling activities for oil & gas applications.
Application Insights:
Onshore was the largest application segment in 2017 and is expected to continue its dominance over the forecast period. The growth of this application can be attributed to rising demand for GORs from various onshore fields, including conventional onshore fields as well as tight oil/ shale gas wells. Conventional onshore oilfields are characterized by high-speed rotating equipment that are used for drilling and completion operations of wells.
Offshore is anticipated to grow at a CAGR of XX% from 2018 to 2030 owing to increasing investments by companies in deepwater exploration activities across the world oceanic basins. Drilling fluids containing emulsified cuttings along with sand, gravel and cement are used in offshore projects since these fluids help prevent corrosion while drilling through water depths up to 6500 mtrs below sea level (msl). Increasing use of advanced technologies such as mud motors coupled with growing concerns regarding operational costs & energy consumption have led major players such as Schlumberger Limited.
Regional Analysis:
North America dominated the global oilfield rotary table market in 2017 owing to the presence of a large number of shale basins. The U.S., which is leading in terms of production, has been witnessing continuous growth due to various factors such as technological advancements and high investments made by major players for increasing productivity.
Asia Pacific is expected to be one of the fastest-growing regions over the forecast period owing to rising demand from countries such as China, India, Indonesia and Australia among others. In addition, several upcoming projects are also expected to drive regional growth over next eight years or so till 2030 when all projects come online at different stages (development phase).
Growth Factors:
- Increasing demand for oil and gas across the globe
- Rising investments in the oil and gas sector
- Proliferation of new drilling technologies and exploration methods
- Growing number of aging wells that need to be refurbished or replaced
- Rising global population and consequent increase in energy consumption
Scope Of The Report
Report Attributes
Report Details
Report Title
Oilfield Rotary Table Market Research Report
By Type
500 Ton-1000 Ton, 1000 Ton-1500 Ton
By Application
Onshore, Offshore
By Companies
Chengdu Zhonghang Machinery, CMIC Ocean En-Tech Holding, MHWirth AS, National Oilwell Varco, RM Holding, Schlumberger, American Block
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
249
Number of Tables & Figures
175
Customization Available
Yes, the report can be customized as per your need.
Global Oilfield Rotary Table Market Report Segments:
The global Oilfield Rotary Table market is segmented on the basis of:
Types
500 Ton-1000 Ton, 1000 Ton-1500 Ton
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
Onshore, Offshore
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:
- Chengdu Zhonghang Machinery
- CMIC Ocean En-Tech Holding
- MHWirth AS
- National Oilwell Varco
- RM Holding
- Schlumberger
- American Block
Highlights of The Oilfield Rotary Table 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:
- 500 Ton-1000 Ton
- 1000 Ton-1500 Ton
- By Application:
- Onshore
- Offshore
- 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 Oilfield Rotary Table 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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- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
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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?
Oilfield Rotary Table is a machine that helps in the drilling of oil and gas wells. It consists of a circular platform with several rotating drums on it. The drums are filled with different types of drilling fluid, which help in the extraction of oil and gas from the ground.
Some of the key players operating in the oilfield rotary table market are Chengdu Zhonghang Machinery, CMIC Ocean En-Tech Holding, MHWirth AS, National Oilwell Varco, RM Holding, Schlumberger, American Block.
The oilfield rotary table market is expected to grow at a compound annual growth rate of 5.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Oilfield Rotary Table 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. Oilfield Rotary Table Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Oilfield Rotary Table Market - Supply Chain
4.5. Global Oilfield Rotary Table Market Forecast
4.5.1. Oilfield Rotary Table Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Oilfield Rotary Table Market Size (000 Units) and Y-o-Y Growth
4.5.3. Oilfield Rotary Table Market Absolute $ Opportunity
5. Global Oilfield Rotary Table 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. Oilfield Rotary Table Market Size and Volume Forecast by Type
5.3.1. 500 Ton-1000 Ton
5.3.2. 1000 Ton-1500 Ton
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Oilfield Rotary Table 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. Oilfield Rotary Table Market Size and Volume Forecast by Application
6.3.1. Onshore
6.3.2. Offshore
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Oilfield Rotary Table 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. Oilfield Rotary Table 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 Oilfield Rotary Table 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. Oilfield Rotary Table 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 Oilfield Rotary Table Demand Share Forecast, 2019-2026
9. North America Oilfield Rotary Table 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 Oilfield Rotary Table 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 Oilfield Rotary Table Market Size and Volume Forecast by Application
9.4.1. Onshore
9.4.2. Offshore
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Oilfield Rotary Table Market Size and Volume Forecast by Type
9.7.1. 500 Ton-1000 Ton
9.7.2. 1000 Ton-1500 Ton
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 Oilfield Rotary Table Demand Share Forecast, 2019-2026
10. Latin America Oilfield Rotary Table 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 Oilfield Rotary Table 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 Oilfield Rotary Table Market Size and Volume Forecast by Application
10.4.1. Onshore
10.4.2. Offshore
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Oilfield Rotary Table Market Size and Volume Forecast by Type
10.7.1. 500 Ton-1000 Ton
10.7.2. 1000 Ton-1500 Ton
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 Oilfield Rotary Table Demand Share Forecast, 2019-2026
11. Europe Oilfield Rotary Table 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 Oilfield Rotary Table 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 Oilfield Rotary Table Market Size and Volume Forecast by Application
11.4.1. Onshore
11.4.2. Offshore
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Oilfield Rotary Table Market Size and Volume Forecast by Type
11.7.1. 500 Ton-1000 Ton
11.7.2. 1000 Ton-1500 Ton
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potental 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 Oilfield Rotary Table Demand Share, 2019-2026
12. Asia Pacific Oilfield Rotary Table 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 Oilfield Rotary Table 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 Oilfield Rotary Table Market Size and Volume Forecast by Application
12.4.1. Onshore
12.4.2. Offshore
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Oilfield Rotary Table Market Size and Volume Forecast by Type
12.7.1. 500 Ton-1000 Ton
12.7.2. 1000 Ton-1500 Ton
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 Oilfield Rotary Table Demand Share, 2019-2026
13. Middle East & Africa Oilfield Rotary Table 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 Oilfield Rotary Table 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 Oilfield Rotary Table Market Size and Volume Forecast by Application
13.4.1. Onshore
13.4.2. Offshore
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Oilfield Rotary Table Market Size and Volume Forecast by Type
13.7.1. 500 Ton-1000 Ton
13.7.2. 1000 Ton-1500 Ton
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 Oilfield Rotary Table Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Oilfield Rotary Table Market: Market Share Analysis
14.2. Oilfield Rotary Table Distributors and Customers
14.3. Oilfield Rotary Table Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Chengdu Zhonghang Machinery
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. CMIC Ocean En-Tech Holding
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. MHWirth AS
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. National Oilwell Varco
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. RM Holding
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Schlumberger
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. American Block
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
