Global Floating Rigs Market Size study with COVID-19 impact, by Type (Jackup Rigs, Semi-Submersibles Rigs, Drill ships Rigs), by Application (Shallow Water, Deepwater, Ultra-Deepwater) and Regional Forecasts 2020-2027

  • Product Code:
    RP-ID-10325242
  • Published Date:
    29 Jun 2020
  • Region:
    Global
  • Pages:
    200
  • Category:
    Energy & Power
  • Publisher:
    Pub-ID-14

Impact Analysis on the Growth of Market

Activating Probable Propositions Amidst COVID-19 Crisis

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Global Floating Rigs Market is valued approximately USD 102 billion in 2019 and is anticipated to grow with a healthy growth rate of more than 9.3% over the forecast period 2020-2027. Floating rig is a machine designed to drill exploration and development wells from mobile offshore. Reliant on the depth of water and the remoteness of the area, a distinct type of a rig is utilized. The rig can be a jackup which is up to 400 feet of water, drillship, or semi-submersible which is up to 12,000 feet of water. However, it requires a few months to assess the location. A floating rig also provide an option to provisionally store oil or natural gas until they brought to the shore for refining and marketing purpose. Rising demand for oil and natural gas, improved viability of Deepwater and ultra-Deepwater projects and price regulations of oil drive offshore exploration activities are the few factors responsible for high CAGR of the market over the forecast period. According to International Energy Agency (IEA), the global daily demand for crude oil is reached almost 100.6 million barrels in 2019, an increase from 96.2 million barrels in 2016. Similarly, as per the Independent Petroleum Association of America (IPPA), the Export of Liquid Natural Gas (LNG) by United States was 3.6 trillion cubic feet (tcf) in 2018 and is likely to reach more than 4 tcf by the year 2024. This, in turn, is expected to accelerate the demand for floating rigs, thus contributing to the growth of the global market. With the outbreak of Covid-19 around the world, the demand for oil & gas is significantly decline, followed by the overabundance in global oil markets that leads to an acute shortage of storage capacities. As a result, producers have to reduce the production by confining down their rigs and oil wells to avoid plunging into deeper financial complications thereby, the requirement of floating rigs will decrease in the recent year. However, high capital investments and environment concerns are also some factors limiting the market growth over the forecast period of 2020-2027.

The regional analysis of global Floating Rigs market is considered for the key regions such as Asia Pacific, North America, Europe, Latin America and Rest of the World. Latin America is the leading/significant region across the world in terms of market share owing to the high offshore potential reserves of oil and gas, along with the rising investment in exploration & production (E&P) CAPEX in the countries. Whereas, Rest of the World (ROW) is anticipated to exhibit highest growth rate / CAGR over the forecast period 2020-2027, due to the rising deep-water oil explorations activities in the region.

Major market player included in this report are:
Aban Offshore Limited
Atwood Oceanics
China Oilfield Services Limited.
Diamond Offshore Drilling Inc.
Ensco PLC
Hercules Offshore Inc.
KCA Deutag
Maersk Drilling
Nabors Industries Ltd.
Noble Corporation

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:

By Type:
Jackup Rigs
Semi-Submersibles Rigs
Drill ships Rigs

By Application:
Shallow Water
Deepwater
Ultra-Deepwater

By Region:
North America
U.S.
Canada
Europe
UK
Germany
Asia Pacific
China
India
Japan
Latin America
Brazil
Mexico
Rest of the World

Furthermore, years considered for the study are as follows:

Historical year – 2017, 2018
Base year – 2019
Forecast period – 2020 to 2027

Target Audience of the Global Floating Rigs Market in Market Study:

Key Consulting Companies & Advisors
Large, medium-sized, and small enterprises
Venture capitalists
Value-Added Resellers (VARs)
Third-party knowledge providers
Investment bankers
Investors
Chapter 1. Executive Summary
1.1. Market Snapshot
1.2. Global & Segmental Market Estimates & Forecasts, 2018-2027 (USD Billion)
1.2.1. Floating Rigs Market, by Region, 2018-2027 (USD Billion)
1.2.2. Floating Rigs Market, by Type, 2018-2027 (USD Billion)
1.2.3. Floating Rigs Market, by Application, 2018-2027 (USD Billion)
1.3. Key Trends
1.4. Estimation Methodology
1.5. Research Assumption
Chapter 2. Global Floating Rigs Market Definition and Scope
2.1. Objective of the Study
2.2. Market Definition & Scope
2.2.1. Scope of the Study
2.2.2. Industry Evolution
2.3. Years Considered for the Study
2.4. Currency Conversion Rates
Chapter 3. Global Floating Rigs Market Dynamics
3.1. Floating Rigs Market Impact Analysis (2018-2027)
3.1.1. Market Drivers
3.1.2. Market Challenges
3.1.3. Market Opportunities
Chapter 4. Global Floating Rigs Market Industry Analysis
4.1. Porter’s 5 Force Model
4.1.1. Bargaining Power of Suppliers
4.1.2. Bargaining Power of Buyers
4.1.3. Threat of New Entrants
4.1.4. Threat of Substitutes
4.1.5. Competitive Rivalry
4.1.6. Futuristic Approach to Porter’s 5 Force Model (2017-2027)
4.2. PEST Analysis
4.2.1. Political
4.2.2. Economical
4.2.3. Social
4.2.4. Technological
4.3. Investment Adoption Model
4.4. Analyst Recommendation & Conclusion
Chapter 5. Global Floating Rigs Market, by Type
5.1. Market Snapshot
5.2. Global Floating Rigs Market by Type, Performance - Potential Analysis
5.3. Global Floating Rigs Market Estimates & Forecasts by Type 2017-2027 (USD Billion)
5.4. Floating Rigs Market, Sub Segment Analysis
5.4.1. Cough, Cold, and Flu Products
5.4.2. Jackup Rigs
5.4.3. Semi-Submersibles Rigs
5.4.4. Drill ships Rigs
Chapter 6. Global Floating Rigs Market, by Application
6.1. Market Snapshot
6.2. Global Floating Rigs Market by Application, Performance - Potential Analysis
6.3. Global Floating Rigs Market Estimates & Forecasts by Application 2017-2027 (USD Billion)
6.4. Floating Rigs Market, Sub Segment Analysis
6.4.1. Shallow Water
6.4.2. Deepwater
6.4.3. Ultra-Deepwater
Chapter 7. Global Floating Rigs Market, Regional Analysis
7.1. Floating Rigs Market, Regional Market Snapshot
7.2. North America Floating Rigs Market
7.2.1. U.S. Floating Rigs Market
7.2.1.1. Type breakdown estimates & forecasts, 2017-2027
7.2.1.2. Application breakdown estimates & forecasts, 2017-2027
7.2.2. Canada Floating Rigs Market
7.3. Europe Floating Rigs Market Snapshot
7.3.1. U.K. Floating Rigs Market
7.3.2. Germany Floating Rigs Market
7.3.3. Rest of Europe Floating Rigs Market
7.4. Asia-Pacific Floating Rigs Market Snapshot
7.4.1. China Floating Rigs Market
7.4.2. India Floating Rigs Market
7.4.3. Japan Floating Rigs Market
7.4.4. Rest of Asia Pacific Floating Rigs Market
7.5. Latin America Floating Rigs Market Snapshot
7.5.1. Brazil Floating Rigs Market
7.5.2. Mexico Floating Rigs Market
7.6. Rest of The World Floating Rigs Market
Chapter 8. Competitive Intelligence
8.1. Top Market Strategies
8.2. Company Profiles
8.2.1. Aban Offshore Limited
8.2.1.1. Key Information
8.2.1.2. Overview
8.2.1.3. Financial (Subject to Data Availability)
8.2.1.4. Product Summary
8.2.1.5. Recent Developments
8.2.2. Atwood Oceanics
8.2.3. China Oilfield Services Limited.
8.2.4. Diamond Offshore Drilling Inc.
8.2.5. Ensco PLC
8.2.6. Hercules Offshore Inc.
8.2.7. KCA Deutag
8.2.8. Maersk Drilling
8.2.9. Nabors Industries Ltd.
8.2.10. Noble Corporation
Chapter 9. Research Process
9.1. Research Process
9.1.1. Data Mining
9.1.2. Analysis
9.1.3. Market Estimation
9.1.4. Validation
9.1.5. Publishing
9.2. Research Attributes
9.3. Research AssumptionTABLE 1. GLOBAL FLOATING RIGS MARKET, REPORT SCOPE
TABLE 2. GLOBAL FLOATING RIGS MARKET ESTIMATES & FORECASTS BY REGION 2017-2027 (USD BILLION)
TABLE 3. GLOBAL FLOATING RIGS MARKET ESTIMATES & FORECASTS BY TYPE 2017-2027 (USD BILLION)
TABLE 4. GLOBAL FLOATING RIGS MARKET ESTIMATES & FORECASTS BY APPLICATION 2017-2027 (USD BILLION)
TABLE 5. GLOBAL FLOATING RIGS MARKET BY SEGMENT, ESTIMATES & FORECASTS, 2017-2027 (USD BILLION)
TABLE 6. GLOBAL FLOATING RIGS MARKET BY REGION, ESTIMATES & FORECASTS, 2017-2027 (USD BILLION)
TABLE 7. GLOBAL FLOATING RIGS MARKET BY SEGMENT, ESTIMATES & FORECASTS, 2017-2027 (USD BILLION)
TABLE 8. GLOBAL FLOATING RIGS MARKET BY REGION, ESTIMATES & FORECASTS, 2017-2027 (USD BILLION)
TABLE 9. GLOBAL FLOATING RIGS MARKET BY SEGMENT, ESTIMATES & FORECASTS, 2017-2027 (USD BILLION)
TABLE 10. GLOBAL FLOATING RIGS MARKET BY REGION, ESTIMATES & FORECASTS, 2017-2027 (USD BILLION)
TABLE 11. GLOBAL FLOATING RIGS MARKET BY SEGMENT, ESTIMATES & FORECASTS, 2017-2027 (USD BILLION)
TABLE 12. GLOBAL FLOATING RIGS MARKET BY REGION, ESTIMATES & FORECASTS, 2017-2027 (USD BILLION)
TABLE 13. GLOBAL FLOATING RIGS MARKET BY SEGMENT, ESTIMATES & FORECASTS, 2017-2027 (USD BILLION)
TABLE 14. GLOBAL FLOATING RIGS MARKET BY REGION, ESTIMATES & FORECASTS, 2017-2027 (USD BILLION)
TABLE 15. U.S. FLOATING RIGS MARKET ESTIMATES & FORECASTS, 2017-2027 (USD BILLION)
TABLE 16. U.S. FLOATING RIGS MARKET ESTIMATES & FORECASTS BY SEGMENT 2017-2027 (USD BILLION)
TABLE 17. U.S. FLOATING RIGS MARKET ESTIMATES & FORECASTS BY SEGMENT 2017-2027 (USD BILLION)
TABLE 18. CANADA FLOATING RIGS MARKET ESTIMATES & FORECASTS, 2017-2027 (USD BILLION)
TABLE 19. CANADA FLOATING RIGS MARKET ESTIMATES & FORECASTS BY SEGMENT 2017-2027 (USD BILLION)
TABLE 20. CANADA FLOATING RIGS MARKET ESTIMATES & FORECASTS BY SEGMENT 2017-2027 (USD BILLION)
TABLE 21. UK FLOATING RIGS MARKET ESTIMATES & FORECASTS, 2017-2027 (USD BILLION)
TABLE 22. UK FLOATING RIGS MARKET ESTIMATES & FORECASTS BY SEGMENT 2017-2027 (USD BILLION)
TABLE 23. UK FLOATING RIGS MARKET ESTIMATES & FORECASTS BY SEGMENT 2017-2027 (USD BILLION)
TABLE 24. GERMANY FLOATING RIGS MARKET ESTIMATES & FORECASTS, 2017-2027 (USD BILLION)
TABLE 25. GERMANY FLOATING RIGS MARKET ESTIMATES & FORECASTS BY SEGMENT 2017-2027 (USD BILLION)
TABLE 26. GERMANY FLOATING RIGS MARKET ESTIMATES & FORECASTS BY SEGMENT 2017-2027 (USD BILLION)
TABLE 27. ROE FLOATING RIGS MARKET ESTIMATES & FORECASTS, 2017-2027 (USD BILLION)
TABLE 28. ROE FLOATING RIGS MARKET ESTIMATES & FORECASTS BY SEGMENT 2017-2027 (USD BILLION)
TABLE 29. ROE FLOATING RIGS MARKET ESTIMATES & FORECASTS BY SEGMENT 2017-2027 (USD BILLION)
TABLE 30. CHINA FLOATING RIGS MARKET ESTIMATES & FORECASTS, 2017-2027 (USD BILLION)
TABLE 31. CHINA FLOATING RIGS MARKET ESTIMATES & FORECASTS BY SEGMENT 2017-2027 (USD BILLION)
TABLE 32. CHINA FLOATING RIGS MARKET ESTIMATES & FORECASTS BY SEGMENT 2017-2027 (USD BILLION)
TABLE 33. INDIA FLOATING RIGS MARKET ESTIMATES & FORECASTS, 2017-2027 (USD BILLION)
TABLE 34. INDIA FLOATING RIGS MARKET ESTIMATES & FORECASTS BY SEGMENT 2017-2027 (USD BILLION)
TABLE 35. INDIA FLOATING RIGS MARKET ESTIMATES & FORECASTS BY SEGMENT 2017-2027 (USD BILLION)
TABLE 36. JAPAN FLOATING RIGS MARKET ESTIMATES & FORECASTS, 2017-2027 (USD BILLION)
TABLE 37. JAPAN FLOATING RIGS MARKET ESTIMATES & FORECASTS BY SEGMENT 2017-2027 (USD BILLION)
TABLE 38. JAPAN FLOATING RIGS MARKET ESTIMATES & FORECASTS BY SEGMENT 2017-2027 (USD BILLION)
TABLE 39. ROAPAC FLOATING RIGS MARKET ESTIMATES & FORECASTS, 2017-2027 (USD BILLION)
TABLE 40. ROAPAC FLOATING RIGS MARKET ESTIMATES & FORECASTS BY SEGMENT 2017-2027 (USD BILLION)
TABLE 41. ROAPAC FLOATING RIGS MARKET ESTIMATES & FORECASTS BY SEGMENT 2017-2027 (USD BILLION)
TABLE 42. BRAZIL FLOATING RIGS MARKET ESTIMATES & FORECASTS, 2017-2027 (USD BILLION)
TABLE 43. BRAZIL FLOATING RIGS MARKET ESTIMATES & FORECASTS BY SEGMENT 2017-2027 (USD BILLION)
TABLE 44. BRAZIL FLOATING RIGS MARKET ESTIMATES & FORECASTS BY SEGMENT 2017-2027 (USD BILLION)
TABLE 45. MEXICO FLOATING RIGS MARKET ESTIMATES & FORECASTS, 2017-2027 (USD BILLION)
TABLE 46. MEXICO FLOATING RIGS MARKET ESTIMATES & FORECASTS BY SEGMENT 2017-2027 (USD BILLION)
TABLE 47. MEXICO FLOATING RIGS MARKET ESTIMATES & FORECASTS BY SEGMENT 2017-2027 (USD BILLION)
TABLE 48. ROLA FLOATING RIGS MARKET ESTIMATES & FORECASTS, 2017-2027 (USD BILLION)
TABLE 49. ROLA FLOATING RIGS MARKET ESTIMATES & FORECASTS BY SEGMENT 2017-2027 (USD BILLION)
TABLE 50. ROLA FLOATING RIGS MARKET ESTIMATES & FORECASTS BY SEGMENT 2017-2027 (USD BILLION)
TABLE 51. ROW FLOATING RIGS MARKET ESTIMATES & FORECASTS, 2017-2027 (USD BILLION)
TABLE 52. ROW FLOATING RIGS MARKET ESTIMATES & FORECASTS BY SEGMENT 2017-2027 (USD BILLION)
TABLE 53. ROW FLOATING RIGS MARKET ESTIMATES & FORECASTS BY SEGMENT 2017-2027 (USD BILLION)
TABLE 54. LIST OF SECONDARY SOURCES, USED IN THE STUDY OF GLOBAL FLOATING RIGS MARKET
TABLE 55. LIST OF PRIMARY SOURCES, USED IN THE STUDY OF GLOBAL FLOATING RIGS MARKET
TABLE 56. YEARS CONSIDERED FOR THE STUDY
TABLE 57. EXCHANGE RATES CONSIDEREDFIG 1. GLOBAL FLOATING RIGS MARKET, RESEARCH METHODOLOGY
FIG 2. GLOBAL FLOATING RIGS MARKET, MARKET ESTIMATION TECHNIQUES
FIG 3. GLOBAL MARKET SIZE ESTIMATES & FORECAST METHODS
FIG 4. GLOBAL FLOATING RIGS MARKET, KEY TRENDS 2019
FIG 5. GLOBAL FLOATING RIGS MARKET, GROWTH PROSPECTS 2020-2027
FIG 6. GLOBAL FLOATING RIGS MARKET, PORTERS 5 FORCE MODEL
FIG 7. GLOBAL FLOATING RIGS MARKET, PEST ANALYSIS
FIG 8. GLOBAL FLOATING RIGS MARKET, VALUE CHAIN ANALYSIS
FIG 9. GLOBAL FLOATING RIGS MARKET BY SEGMENT, 2017 & 2027 (USD BILLION)
FIG 10. GLOBAL FLOATING RIGS MARKET BY SEGMENT, 2017 & 2027 (USD BILLION)
FIG 11. GLOBAL FLOATING RIGS MARKET BY SEGMENT, 2017 & 2027 (USD BILLION)
FIG 12. GLOBAL FLOATING RIGS MARKET BY SEGMENT, 2017 & 2027 (USD BILLION)
FIG 13. GLOBAL FLOATING RIGS MARKET BY SEGMENT, 2017 & 2027 (USD BILLION)
FIG 14. GLOBAL FLOATING RIGS MARKET, REGIONAL SNAPSHOT 2017 & 2027
FIG 15. NORTH AMERICA FLOATING RIGS MARKET 2017 & 2027 (USD BILLION)
FIG 16. EUROPE FLOATING RIGS MARKET 2017 & 2027 (USD BILLION)
FIG 17. ASIA PACIFIC FLOATING RIGS MARKET 2017 & 2027 (USD BILLION)
FIG 18. LATIN AMERICA FLOATING RIGS MARKET 2017 & 2027 (USD BILLION)
FIG 19. GLOBAL FLOATING RIGS MARKET, COMPANY MARKET SHARE ANALYSIS (2019)
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Aban Offshore Limited
Atwood Oceanics
China Oilfield Services Limited.
Diamond Offshore Drilling Inc.
Ensco PLC
Hercules Offshore Inc.
KCA Deutag
Maersk Drilling
Nabors Industries Ltd.
Noble Corporation
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