One of the most significant factors for
the growth of jackup rigs market is the increasing global demand for energy.
This is due to the increased economic growth and the growing population
worldwide. There has been significant investment in the oil & gas
exploration activities, especially in the Middle East and Asia-Pacific regions.
This has led to significant recent discoveries of oil & gas reserves in the
remote areas of these regions. Furthermore, research and development in jackup
rigs has resulted in technological advancements in terms of equipment for
offshore drilling capacities. This in turn has resulted in jackup rigs being
cost effective and more feasible for drilling operations, thus driving the
market growth.
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Industry
Segmentation
The market has been analyzed based on the
types, applications, operating depths and regions. Among all the regions, the
Asia-Pacific is expected to grow rapidly. The rapid growth in population and in
demand for energy is expected to drive the growth of the jackup rigs market in
the region over the forecast period. Further growth, projected for the North
America and Middle East regions, is expected to drive the overall growth of the
market.
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Regional
Outlook
North America currently has the highest
market share and is expected to drive the growth of the market, along with
Europe region, due to the continuous oil and gas exploration activities. The
jack up rigs market in the Gulf of Mexico is quite well established and the
growing population will further raise the requirement. In the developing
economies of Asia-Pacific and Middle East regions there is an increased
requirement for offshore drilling market because of new discoveries of oil &
gas reserves. This is expected to drive the demand for jackup rigs market.
Top
Key Players
The key players of global jackup rigs
markets are Rowan Companies Inc.(U.K.), Noble Corporation plc (UK), KCA DEUTAG
Ltd.(Scotland), Maersk Drilling (Denmark), Diamond Offshore Drilling, Inc.
(U.S), COSL (China), Transocean Ltd. (Switzerland), Seadrill Limited(Bermuda),
ENSCO Plc (UK), Halliburton (U.S.) and
others.
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