Overview
The global Jackup Rigs Market Size is projected to grow at a high CAGR during the forecast period. As per the jackup rigs market research report, the global market for jackup rigs is projected to grow swiftly. According to analysts, growing technological advancements as well as recent discoveries of new oil & gas reserves will drive the market growth during the forecast period. The jackup rigs market research report offers a comprehensive analysis of the global jackup rigs market and its operating depth, type, and applications segments. The lack of technological advancement along with decreasing dependence on oil sources are the elements that could influence the jackup rigs market advancement throughout the forecast period. The jackup rigs market research report by expert analysts is developed to assist organizations in the jackup rigs market.
Market Segmentation
The global jackup rigs market has been segmented based on operating depth, type, and applications. On the basis of operating depth, the market for jackup rigs is segmented based on deep water, shallow water, and ultra deep water. Additionally, the market on the basis of type, is segmented into independent leg type and mat-type jackups. The global market for jackup rigs is also covered based on the applications segment which is further split into oil and gas and offshore wind turbine installations.
Major elements such as strict government policies for the oil and gas industry could obstruct the jackup rigs market growth. However, according to the jackup rigs market research report, cost-effective offshore drilling operations along with technological advancements in the equipment segment will propel growth throughout the forecast period. The jackup rigs market is set to register growth at a high CAGR owing to these key factors. The exploration of operating depth, type, and applications segments along with regional markets has been given in the global jackup rigs market research report. The research analysts studying the jackup rigs market have put out market forecasts in the jackup rigs market research report in order to support jackup rigs market-based companies. The jackup rigs market research report provides an extensive understanding of the jackup rigs market based on the information and forecasts till 2022.
Regional Overview
North America, Europe, Asia Pacific and the rest of the world regional Global Jack-up Rig Market are predominantly covered in the global jackup rigs market research report. Country-level jackup rigs markets spread across North America – the United States, Canada, and Mexico are also covered in the report. In South America – Brazil and other country-level jackup rigs markets are covered in the report. In Asia-Pacific (APAC) region, the country-level jackup rigs markets covered are Japan, India, China, and others. The jackup rigs market research report also explores the regional market for jackup rigs present in Europe in the United Kingdom, France, Italy, Spain, and Germany, etc. The jackup rigs market research report also covers regional markets from the rest of the world alongside jackup rigs markets of Africa and the Middle East.
Competitive Landscape
Investments into deep water oil and gas exploration activities are presumed to drive the jackup rigs market growth worldwide. The global jackup rigs market could be challenged by high investment needs, nevertheless, organizations in the jackup rigs market will carry the growth rate forward. The jackup rigs market research report presents company profiles of major companies active in the jackup rigs market globally. Furthermore, the global jackup rigs market report offers an all-inclusive analysis of the market collected from the jackup rigs market’s primary and secondary sources covering both decision makers and thought leaders. The jackup rigs market research report highlights such key areas assisting businesses operating in the jackup rigs market to build better growth strategies.
Industry News
The contractor for oil and gas drilling plants ADES has entered into a new Admarine 5 drilling plant contract in the Gulf of Suez, Egypt. The deal with a top-ranking customer spans a six-month period for a further six months, thus further enhanceing ADES' role and visibility of sales, said ADES without telling who the customer was. The new contract is scheduled to start by February 2021 at a broadly similar regular rate as opposed to the previous contract. Details on previous contractual terms were not, however, issued.
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