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Report Overview
2023
Base Year
2018-2023
Historical Year
2024-2032
Forecast Year
Global Deepwater and Ultra-Deepwater Drilling Market Outlook
In the forecast period of 2024-2032, the global deepwater and ultra-deepwater drilling market is expected to grow at a CAGR of 9%.
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Due to the growing population, the emphasis on exploiting untapped resources has increased to meet the rising demand for energy. As a result, the oil and gas industry is making a lot of technological advancements, which is aiding the growth of the market.
Market Segmentation
The deepwater and ultra-deepwater drilling market can be divided on the basis of application into:
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- Deepwater Drilling
- Ultra-Deepwater Drilling
- Others
The EMR report looks into the regional deepwater and ultra-deepwater drilling markets like North America, Latin America, Europe, the Middle East and Africa, and the Asia Pacific regions.
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Market Analysis
Various government initiatives focus on enhancing energy security and increasing the production of oil and gas by inviting foreign investment and promoting business policies. In the recent years, the rising crude oil prices have enhanced vendor growth potential in the drilling industry for deepwater and ultra-deepwater. As a result, investments in deepwater and ultra-deepwater drilling to increase the production of oil and gas would drive the exploration and production (E&P) operations. During the forecast period, these factors would drive the deepwater and ultra-deepwater drilling market growth. The advancements in offshore pressure control technology is one of the world's leading developments in the exploration industry for deepwater and ultra-deepwater that will fuel the industry growth in the coming years.
Competitive Landscape
The report presents a detailed analysis of the following key players in the global deepwater and ultra-deepwater drilling market, looking into their capacity, market shares, and latest developments like capacity expansions, plant turnarounds, and mergers and acquisitions:
- Diamond Offshore Drilling Inc.
- Valaris Limited
- Saipem Spa
- Schlumberger Ltd.
- Transocean Ltd.
- Nabors Industries Ltd.
- Seadrill Limited
- Ensco Rowan Plc
- Halliburton Co.
- Others
The EMR report gives an in-depth insight into the industry by providing a SWOT analysis as well as an analysis of Porter's Five Forces model.
Key Highlights of the Report
| REPORT FEATURES | DETAILS |
| Base Year | 2023 |
| Historical Period | 2018-2023 |
| Forecast Period | 2024-2032 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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| Breakup by Application |
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| Breakup by Region |
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| Market Dynamics |
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| Competitive Landscape |
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| Companies Covered |
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| Report Price and Purchase Option | Explore our purchase options that are best suited to your resources and industry needs. |
| Delivery Format | Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option. |
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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Key Questions Answered in the Report
The global deepwater and ultra-deepwater drilling market is projected to grow at a CAGR of 9% between 2024 and 2032.
The major driving factor of the market are the growing demand for energy, growing population, rising crude oil prices, advancements in offshore pressure control technology, technological advancements, and increasing investments.
Key drivers of the industry are various government initiatives to encourage foreign investment and increasing the production of oil and gas.
The major regions in the industry are North America, Europe, Asia Pacific, Latin America, and Middle East and Africa.
Deepwater drilling and ultra-deepwater drilling, among others are the major applications of the market.
The major players in the industry are Diamond Offshore Drilling Inc., Valaris Limited, Saipem Spa, Schlumberger Ltd., Transocean Ltd., Nabors Industries Ltd., Seadrill Limited, Ensco Rowan Plc , Halliburton Co., Others.
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