Global Offshore Drilling Rigs Market Report 2024

Offshore Drilling Rigs Global Market Report 2024 – By Type (Jackups, Semisubmersibles, Drill Ships, Other Types), By Application (Shallow Water, Deepwater, Ultra-Deep Water) – Market Size, Trends, And Global Forecast 2024-2033

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Offshore Drilling Rigs Market Definition And Segments

Offshore drilling rigs are large structure built to facilitate extraction, processing, and storage of oil and natural gas. These rigs are used for drilling wells, extracting and processing oil and natural gas, and temporarily storing products until landing for refining and sale.

The main types of offshore drilling rigs are jackups, semisubmersibles, drill ships, and other types. The jackups refer to a self-contained drilling rig and floating barge with lengthy support legs that may be independently raised and lowered. With its legs up and the barge part floating in the water, the jackup is pulled to its destination. The different applications include shallow water, deepwater, and ultra-deep water.

The offshore drilling rigs market covered in this report is segmented –

1) By Type: Jackups, Semisubmersibles, Drill Ships, Other Types

2) By Application: Shallow Water, Deepwater, Ultra-Deep Water

The offshore drilling rigs market size has grown strongly in recent years. It will grow from $86.84 billion in 2023 to $93.55 billion in 2024 at a compound annual growth rate (CAGR) of 7.7%. The growth in the historic period can be attributed to oil and gas demand, global energy trends, regulatory environment.

The offshore drilling rigs market size is expected to see strong growth in the next few years. It will grow to $123.03 billion in 2028 at a compound annual growth rate (CAGR) of 7.1%. The growth in the forecast period can be attributed to economic factors, environmental concerns and sustainability, geopolitical factors, renewable energy transition. Major trends in the forecast period include floating rig technology, digitalization and automation, alternative energy exploration, collaborative business models, remote monitoring and maintenance.

Setting Sail For Success Expanding Exploratory Wells Drive Offshore Drilling Rigs Market Growth

An increase in the number of exploratory wells is expected to propel the growth of the offshore drilling rigs market. Exploratory wells are deep test holes dug by oil and gas exploration companies both onshore and offshore to uncover proven reserves of recoverable gas and oil. For instance, in March 2021, according to a press release published by RYSTAD Energy, a Norway-based independent energy research and business intelligence company, offshore drilling activity is expected to increase year on year by about 10% in both 2021 and 2022.This will bring the number of offshore wells drilled to nearly 2,500 in 2021, from less than 2,300 in 2020, and forecast that the corresponding number for 2022 will surpass 2,700. Therefore, the increase in the number of exploratory wells is driving the growth of the offshore drilling rigs market.

Fueling Growth Increasing Crude Oil Demand Boosts Offshore Drilling Rigs Market

The demand for crude oil is increasing is expected to propel the growth of the offshore drilling rigs market. Crude oil referred to as petroleum, is a fossil fuel that consists of naturally occurring hydrocarbon compounds. It is a liquid mixture of various organic compounds, primarily made up of hydrocarbons, which are molecules composed of hydrogen and carbon atoms. For instance, according to US Energy Information, about 15.2% of the crude oil produced in the United States in 2021.Therefore, the demand for crude oil is driving the growth of the offshore drilling rigs market.

Major companies operating in the offshore drilling rigs market report are Samsung Heavy Industries Co. Ltd., Rowan Companies Inc., Keppel Corporation Limited, Irving Shipbuilding Inc., Hyundai Heavy Industries Co. Ltd., Friede & Goldman Ltd, Schlumberger NV, TRINIDAD DRILLING Ltd., Halliburton Company, Baker Hughes Company, Transocean Ltd., Ensco Plc, Diamond Offshore Drilling Inc., Noble Corporation, Seadrill, Weatherford International plc, Stena Drilling Ltd, China Oilfield Services Limited, Nabors Industries Limited, Saipem s. p. a., KCA Deutag, Parker Drilling Company, Sembcorp Marine Ltd., COSCO Shipyard Group Co. Ltd., NOV Inc., Pacific Drilling Company LLC, Hanwha Ocean Co. Ltd., Hercules Offshore Inc., Aban Offshore Limited, Maersk Drilling

Tech Innovation At Sea Advancing Offshore Drilling Rigs With Cutting-Edge Technology

Advancement in technology is a key trend gaining popularity in the offshore drilling rigs market. Major companies operating in offshore drilling rigs are adopting advanced technologies to strengthen their position in the market. For instance, in December 2021, Maersk Drilling, a Denmark-based drilling-rig operator has developed RigFlow, an innovative digital product, that has revolutionized how the drilling sector orchestrates operations. RigFlow digitalizes the information flow between the well plan and rig operations, allowing everyone involved to work more efficiently and transparently using real-time plans and operational instructions. It's being used on a variety of rigs by a variety of operators.

Strategic Collaborations And Partnerships In The Offshore Drilling Rigs Market

Major companies are strategically entering partnerships and collaborations with start-ups and mid-sized companies in the offshore drilling rigs market to broaden the products and services offered by the company. Strategic collaborations and partnership agreements help companies expand their existing product portfolio and geographical reach. For instance, in June 2023, Var Energi, a Norwegian offshore oil and gas producer, announced a long-term strategic cooperation with Halliburton, a US oilfield services firm, for drilling services to improve drilling, sound performance, and increase value creation. The partnership includes drilling services for Var Energirelating to exploration and production drilling across the Norwegian Continental Shelf. The contract is for five years with an option for an extra four years.

Keppel Corp And Sembcorp Marine Merger Paving The Way For Renewable Energy Ventures

In April 2022, Keppel Corp., a Singapore-based manufacturer of offshore rigs merged with Sembcorp Marine. With the help of the merger, the combined business will look for prospects in renewable energy. Sembcorp Marine is a Singapore-based marine and offshore engineering company specializing in oil rig construction.

North America was the largest region in the offshore drilling rigs market in 2023.Middle East and Africa are expected to be the fastest growing regions in the forecast period. The regions covered in the offshore drilling rigs market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa

The countries covered in the offshore drilling rigs market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Italy, Canada, Spain.

The offshore drilling rigs market consists of sales of barges, submersibles, platforms, jackups, and floaters. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified)).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

The offshore drilling rigs market research report is one of a series of new reports from The Business Research Company that provides offshore drilling rigs market statistics, including offshore drilling rigs industry global market size, regional shares, competitors with a offshore drilling rigs market share, detailed offshore drilling rigs market segments, market trends and opportunities, and any further data you may need to thrive in the offshore drilling rigs industry. This offshore drilling rigs market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

    Table Of Contents

    1. Executive Summary

    2. Offshore Drilling Rigs Market Characteristics

    3. Offshore Drilling Rigs Market Trends And Strategies

    4. Offshore Drilling Rigs Market - Macro Economic Scenario

    4.1. Impact Of High Inflation On the Market

    4.2. Ukraine-Russia War Impact On the Market

    4.3. COVID-19 Impact On the Market

    5. Global Offshore Drilling Rigs Market Size and Growth

    5.1. Global Offshore Drilling Rigs Market Drivers and Restraints

    5.1.1. Drivers Of The Market

    5.1.2. Restraints Of The Market

    5.2. Global Offshore Drilling Rigs Historic Market Size and Growth, 2018 - 2023, Value ($ Billion)

    5.3. Global Offshore Drilling Rigs Forecast Market Size and Growth, 2023 - 2028, 2033F, Value ($ Billion)

    6. Offshore Drilling Rigs Market Segmentation

    6.1. Global Offshore Drilling Rigs Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    Jackups

    Semisubmersibles

    Drill Ships

    Other Types

    6.2. Global Offshore Drilling Rigs Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    Shallow Water

    Deepwater

    Ultra-Deep Water

    7. Offshore Drilling Rigs Market Regional And Country Analysis

    7.1. Global Offshore Drilling Rigs Market, Split By Region, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    7.2. Global Offshore Drilling Rigs Market, Split By Country, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    8. Asia-Pacific Offshore Drilling Rigs Market

    8.1. Asia-Pacific Offshore Drilling Rigs Market Overview

    Region Information, Impact Of COVID-19, Market Information, Background Information, Government Initiatives, Regulations, Regulatory Bodies, Major Associations, Taxes Levied, Corporate Tax Structure, Investments, Major Companies

    8.2. Asia-Pacific Offshore Drilling Rigs Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    8.3. Asia-Pacific Offshore Drilling Rigs Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    9. China Offshore Drilling Rigs Market

    9.1. China Offshore Drilling Rigs Market Overview

    9.2. China Offshore Drilling Rigs Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion

    9.3. China Offshore Drilling Rigs Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion

    10. India Offshore Drilling Rigs Market

    10.1. India Offshore Drilling Rigs Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    10.2. India Offshore Drilling Rigs Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    11. Japan Offshore Drilling Rigs Market

    11.1. Japan Offshore Drilling Rigs Market Overview

    11.2. Japan Offshore Drilling Rigs Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    11.3. Japan Offshore Drilling Rigs Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    12. Australia Offshore Drilling Rigs Market

    12.1. Australia Offshore Drilling Rigs Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    12.2. Australia Offshore Drilling Rigs Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    13. Indonesia Offshore Drilling Rigs Market

    13.1. Indonesia Offshore Drilling Rigs Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    13.2. Indonesia Offshore Drilling Rigs Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    14. South Korea Offshore Drilling Rigs Market

    14.1. South Korea Offshore Drilling Rigs Market Overview

    14.2. South Korea Offshore Drilling Rigs Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    14.3. South Korea Offshore Drilling Rigs Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    15. Western Europe Offshore Drilling Rigs Market

    15.1. Western Europe Offshore Drilling Rigs Market Overview

    15.2. Western Europe Offshore Drilling Rigs Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    15.3. Western Europe Offshore Drilling Rigs Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    16. UK Offshore Drilling Rigs Market

    16.1. UK Offshore Drilling Rigs Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    16.2. UK Offshore Drilling Rigs Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    17. Germany Offshore Drilling Rigs Market

    17.1. Germany Offshore Drilling Rigs Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    17.2. Germany Offshore Drilling Rigs Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    18. France Offshore Drilling Rigs Market

    18.4. France Offshore Drilling Rigs Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    18.5. France Offshore Drilling Rigs Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    19. Italy Offshore Drilling Rigs Market

    19.7. Italy Offshore Drilling Rigs Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    19.8. Italy Offshore Drilling Rigs Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    20. Spain Offshore Drilling Rigs Market

    20.10. Spain Offshore Drilling Rigs Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    20.11. Spain Offshore Drilling Rigs Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    21. Eastern Europe Offshore Drilling Rigs Market

    21.1. Eastern Europe Offshore Drilling Rigs Market Overview

    21.2. Eastern Europe Offshore Drilling Rigs Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    21.3. Eastern Europe Offshore Drilling Rigs Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    22. Russia Offshore Drilling Rigs Market

    22.1. Russia Offshore Drilling Rigs Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    22.2. Russia Offshore Drilling Rigs Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    23. North America Offshore Drilling Rigs Market

    23.1. North America Offshore Drilling Rigs Market Overview

    23.2. North America Offshore Drilling Rigs Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    23.3. North America Offshore Drilling Rigs Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    24. USA Offshore Drilling Rigs Market

    24.1. USA Offshore Drilling Rigs Market Overview

    24.2. USA Offshore Drilling Rigs Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    24.3. USA Offshore Drilling Rigs Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    25. Canada Offshore Drilling Rigs Market

    25.1. Canada Offshore Drilling Rigs Market Overview

    25.2. Canada Offshore Drilling Rigs Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    25.3. Canada Offshore Drilling Rigs Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    26. South America Offshore Drilling Rigs Market

    26.1. South America Offshore Drilling Rigs Market Overview

    26.2. South America Offshore Drilling Rigs Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    26.3. South America Offshore Drilling Rigs Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    27. Brazil Offshore Drilling Rigs Market

    27.1. Brazil Offshore Drilling Rigs Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    27.2. Brazil Offshore Drilling Rigs Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    28. Middle East Offshore Drilling Rigs Market

    28.1. Middle East Offshore Drilling Rigs Market Overview

    28.2. Middle East Offshore Drilling Rigs Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    28.3. Middle East Offshore Drilling Rigs Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    29. Africa Offshore Drilling Rigs Market

    29.1. Africa Offshore Drilling Rigs Market Overview

    29.2. Africa Offshore Drilling Rigs Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    29.3. Africa Offshore Drilling Rigs Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    30. Offshore Drilling Rigs Market Competitive Landscape And Company Profiles

    30.1. Offshore Drilling Rigs Market Competitive Landscape

    30.2. Offshore Drilling Rigs Market Company Profiles

    30.2.1. Samsung Heavy Industries Co. Ltd.

    30.2.1.1. Overview

    30.2.1.2. Products and Services

    30.2.1.3. Strategy

    30.2.1.4. Financial Performance

    30.2.2. Rowan Companies Inc.

    30.2.2.1. Overview

    30.2.2.2. Products and Services

    30.2.2.3. Strategy

    30.2.2.4. Financial Performance

    30.2.3. Keppel Corporation Limited

    30.2.3.1. Overview

    30.2.3.2. Products and Services

    30.2.3.3. Strategy

    30.2.3.4. Financial Performance

    30.2.4. Irving Shipbuilding Inc.

    30.2.4.1. Overview

    30.2.4.2. Products and Services

    30.2.4.3. Strategy

    30.2.4.4. Financial Performance

    30.2.5. Hyundai Heavy Industries Co. Ltd.

    30.2.5.1. Overview

    30.2.5.2. Products and Services

    30.2.5.3. Strategy

    30.2.5.4. Financial Performance

    31. Global Offshore Drilling Rigs Market Competitive Benchmarking

    32. Global Offshore Drilling Rigs Market Competitive Dashboard

    33. Key Mergers And Acquisitions In The Offshore Drilling Rigs Market

    34. Offshore Drilling Rigs Market Future Outlook and Potential Analysis

    34.1 Offshore Drilling Rigs Market In 2028 - Countries Offering Most New Opportunities

    34.2 Offshore Drilling Rigs Market In 2028 - Segments Offering Most New Opportunities

    34.3 Offshore Drilling Rigs Market In 2028 - Growth Strategies

    34.3.1 Market Trend Based Strategies

    34.3.2 Competitor Strategies

    35. Appendix

    35.1. Abbreviations

    35.2. Currencies

    35.3. Historic And Forecast Inflation Rates

    35.4. Research Inquiries

    35.5. The Business Research Company

    35.6. Copyright And Disclaimer

List Of Tables

    Table 1: Global Historic Market Growth, 2018-2023, $ Billion
  • Table 2: Global Forecast Market Growth, 2023-2028F, 2033F, $ Billion
  • Table 3: Global Offshore Drilling Rigs Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 4: Global Offshore Drilling Rigs Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 5: Global Offshore Drilling Rigs Market, Split By Region, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 6: Global Offshore Drilling Rigs Market, Split By Country, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 7: Asia-Pacific, Offshore Drilling Rigs Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 8: Asia-Pacific, Offshore Drilling Rigs Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 9: China, Offshore Drilling Rigs Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 10: China, Offshore Drilling Rigs Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 11: India, Offshore Drilling Rigs Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 12: India, Offshore Drilling Rigs Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 13: Japan, Offshore Drilling Rigs Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 14: Japan, Offshore Drilling Rigs Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 15: Australia, Offshore Drilling Rigs Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 16: Australia, Offshore Drilling Rigs Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 17: Indonesia, Offshore Drilling Rigs Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 18: Indonesia, Offshore Drilling Rigs Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 19: South Korea, Offshore Drilling Rigs Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 20: South Korea, Offshore Drilling Rigs Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 21: Western Europe, Offshore Drilling Rigs Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 22: Western Europe, Offshore Drilling Rigs Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 23: UK, Offshore Drilling Rigs Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 24: UK, Offshore Drilling Rigs Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 25: Germany, Offshore Drilling Rigs Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 26: Germany, Offshore Drilling Rigs Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 27: France, Offshore Drilling Rigs Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 28: France, Offshore Drilling Rigs Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 29: Italy, Offshore Drilling Rigs Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 30: Italy, Offshore Drilling Rigs Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 31: Spain, Offshore Drilling Rigs Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 32: Spain, Offshore Drilling Rigs Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 33: Eastern Europe, Offshore Drilling Rigs Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 34: Eastern Europe, Offshore Drilling Rigs Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 35: Russia, Offshore Drilling Rigs Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 36: Russia, Offshore Drilling Rigs Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 37: North America, Offshore Drilling Rigs Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 38: North America, Offshore Drilling Rigs Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 39: USA, Offshore Drilling Rigs Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 40: USA, Offshore Drilling Rigs Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 41: Canada, Offshore Drilling Rigs Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 42: Canada, Offshore Drilling Rigs Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 43: South America, Offshore Drilling Rigs Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 44: South America, Offshore Drilling Rigs Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 45: Brazil, Offshore Drilling Rigs Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 46: Brazil, Offshore Drilling Rigs Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 47: Middle East, Offshore Drilling Rigs Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 48: Middle East, Offshore Drilling Rigs Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 49: Africa, Offshore Drilling Rigs Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 50: Africa, Offshore Drilling Rigs Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 51: Samsung Heavy Industries Co. Ltd. Financial Performance
  • Table 52: Rowan Companies Inc. Financial Performance
  • Table 53: Keppel Corporation Limited Financial Performance
  • Table 54: Irving Shipbuilding Inc. Financial Performance
  • Table 55: Hyundai Heavy Industries Co. Ltd. Financial Performance

List Of Figures

    Figure 1: Global Historic Market Growth, 2018-2023, $ Billion
  • Figure 2: Global Forecast Market Growth, 2023-2028F, 2033F, $ Billion
  • Figure 3: Global Offshore Drilling Rigs Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 4: Global Offshore Drilling Rigs Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 5: Global Offshore Drilling Rigs Market, Split By Region, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 6: Global Offshore Drilling Rigs Market, Split By Country, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 7: Asia-Pacific, Offshore Drilling Rigs Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 8: Asia-Pacific, Offshore Drilling Rigs Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 9: China, Offshore Drilling Rigs Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 10: China, Offshore Drilling Rigs Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 11: India, Offshore Drilling Rigs Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 12: India, Offshore Drilling Rigs Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 13: Japan, Offshore Drilling Rigs Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 14: Japan, Offshore Drilling Rigs Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 15: Australia, Offshore Drilling Rigs Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 16: Australia, Offshore Drilling Rigs Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 17: Indonesia, Offshore Drilling Rigs Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 18: Indonesia, Offshore Drilling Rigs Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 19: South Korea, Offshore Drilling Rigs Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 20: South Korea, Offshore Drilling Rigs Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 21: Western Europe, Offshore Drilling Rigs Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 22: Western Europe, Offshore Drilling Rigs Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 23: UK, Offshore Drilling Rigs Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 24: UK, Offshore Drilling Rigs Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 25: Germany, Offshore Drilling Rigs Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 26: Germany, Offshore Drilling Rigs Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 27: France, Offshore Drilling Rigs Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 28: France, Offshore Drilling Rigs Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 29: Italy, Offshore Drilling Rigs Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 30: Italy, Offshore Drilling Rigs Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 31: Spain, Offshore Drilling Rigs Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 32: Spain, Offshore Drilling Rigs Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 33: Eastern Europe, Offshore Drilling Rigs Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 34: Eastern Europe, Offshore Drilling Rigs Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 35: Russia, Offshore Drilling Rigs Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 36: Russia, Offshore Drilling Rigs Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 37: North America, Offshore Drilling Rigs Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 38: North America, Offshore Drilling Rigs Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 39: USA, Offshore Drilling Rigs Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 40: USA, Offshore Drilling Rigs Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 41: Canada, Offshore Drilling Rigs Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 42: Canada, Offshore Drilling Rigs Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 43: South America, Offshore Drilling Rigs Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 44: South America, Offshore Drilling Rigs Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 45: Brazil, Offshore Drilling Rigs Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 46: Brazil, Offshore Drilling Rigs Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 47: Middle East, Offshore Drilling Rigs Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 48: Middle East, Offshore Drilling Rigs Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 49: Africa, Offshore Drilling Rigs Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 50: Africa, Offshore Drilling Rigs Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 51: Samsung Heavy Industries Co. Ltd. Financial Performance
  • Figure 52: Rowan Companies Inc. Financial Performance
  • Figure 53: Keppel Corporation Limited Financial Performance
  • Figure 54: Irving Shipbuilding Inc. Financial Performance
  • Figure 55: Hyundai Heavy Industries Co. Ltd. Financial Performance
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Frequently Asked Questions

What is the definition of the offshore drilling rigs market?

Offshore drilling rigs are large structure built to facilitate extraction, processing, and storage of oil and natural gas. These rigs are used for drilling wells, extracting and processing oil and natural gas, and temporarily storing products until landing for refining and sale. For further insights on the offshore wind market, request a sample here

How will the offshore drilling rigs market drivers and restraints affect the offshore drilling rigs market dynamics? What forces will shape the offshore drilling rigs industry going forward?

The offshore drilling rigs market major growth driver - setting sail for success expanding exploratory wells drive offshore drilling rigs market growth. For further insights on the offshore wind market, request a sample here

What is the forecast market size or the forecast market value of the offshore drilling rigs market ?

The offshore drilling rigs market size has grown strongly in recent years. It will grow from $86.84 billion in 2023 to $93.55 billion in 2024 at a compound annual growth rate (CAGR) of 7.7%. The growth in the historic period can be attributed to oil and gas demand, global energy trends, regulatory environment. The offshore drilling rigs market size is expected to see strong growth in the next few years. It will grow to $123.03 billion in 2028 at a compound annual growth rate (CAGR) of 7.1%. The growth in the forecast period can be attributed to economic factors, environmental concerns and sustainability, geopolitical factors, renewable energy transition. Major trends in the forecast period include floating rig technology, digitalization and automation, alternative energy exploration, collaborative business models, remote monitoring and maintenance. For further insights on the offshore wind market, request a sample here

How is the offshore drilling rigs market segmented?

The offshore drilling rigs market is segmentedThe offshore drilling rigs market covered in this report is segmented –
1) By Type: Jackups, Semisubmersibles, Drill Ships, Other Types
2) By Application: Shallow Water, Deepwater, Ultra-Deep WaterFor further insights on the offshore wind market,
request a sample here

Which region has the largest share of the offshore drilling rigs market? What are the other regions covered in the report?

North America was the largest region in the offshore drilling rigs market in 2023. Middle East and Africa are expected to be the fastest growing regions in the forecast period. The regions covered in the offshore drilling rigs market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa For further insights on the offshore wind market, request a sample here.

Who are the major players in the offshore drilling rigs market?

Major companies operating in the offshore drilling rigs market report are Samsung Heavy Industries Co. Ltd., Rowan Companies Inc., Keppel Corporation Limited, Irving Shipbuilding Inc., Hyundai Heavy Industries Co. Ltd., Friede & Goldman Ltd, Schlumberger NV, TRINIDAD DRILLING Ltd., Halliburton Company, Baker Hughes Company, Transocean Ltd., Ensco Plc, Diamond Offshore Drilling Inc., Noble Corporation, Seadrill, Weatherford International plc, Stena Drilling Ltd, China Oilfield Services Limited, Nabors Industries Limited, Saipem s. p. a., KCA Deutag, Parker Drilling Company, Sembcorp Marine Ltd., COSCO Shipyard Group Co. Ltd., NOV Inc., Pacific Drilling Company LLC, Hanwha Ocean Co. Ltd., Hercules Offshore Inc., Aban Offshore Limited, Maersk Drilling For further insights on the offshore wind market, request a sample here.

What are the key trends in the offshore drilling rigs market?

Major trend in the offshore drilling rigs market - tech innovation at sea advancing offshore drilling rigs with cutting-edge technology. For further insights on the offshore wind market, request a sample here.

What are the major opportunities in the offshore drilling rigs market? What are the strategies for the offshore drilling rigs market?

For detailed insights on the major opportunities and strategies in the offshore drilling rigs market, request a sample here.

How does the offshore drilling rigs market relate to the overall economy and other similar markets?

For detailed insights on offshore drilling rigs market's relation to the overall economy and other similar markets, request a sample here.

What are the latest mergers and acquisitions in the offshore drilling rigs industry?

For detailed insights on the mergers and acquisitions in the offshore drilling rigs industry, request a sample here.

What are the key dynamics influencing the offshore drilling rigs market growth? SWOT analysis of the offshore drilling rigs market.

For detailed insights on the key dynamics influencing the offshore drilling rigs market growth and SWOT analysis of the offshore drilling rigs industry, request a sample here.