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Robotic Drilling Market Application, Installation, Components, and Region- Global Forecast to 2023

The global robotic drilling market was valued at USD 615.3 Million in 2017 and is expected to grow at a CAGR of 7.01% during the forecast period, to reach USD 923.2 Million by 2023.

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Robotic Drilling Market Application, Installation, Components, and Region- Global Forecast to 2023

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  1. Robotic Drilling Market Application, Installation, Components, and Region- Global Forecast to 2023 www.MarketsandMarkets.com

  2. “The onshore application is expected to hold a larger share of the robotic drilling market during the forecast period.” The onshore segment accounted for a larger market for robotic drilling, based on application, in 2017. Globally ~70% of the oil and gas production takes place at onshore oil and gas fields. These fields require less capital investment in comparison with offshore fields and the costs related to automation in these fields are relatively low. Formations in onshore wells are more stable during the drilling process than those in offshore; therefore, the adoption of automation in such areas is faster for improving the drilling efficiency. The market for onshore robotic drilling systems is expected to grow at a significant rate in the coming years. PDF Brochure : https://www.marketsandmarkets.com/pdfdownload.asp?id=227235522

  3. Browse >> 68market data tables 30figures 111 pagesand in-depth TOC on “Robotic Drilling Market Application, Installation, Components, and Region- Global Forecast to 2023” Early buyers will receive 10% customization on this report. This is a Premium Report Priced at US $5650 for single user. Corporate User : US$8150 This study answers several questions for the stakeholders, primarily which market segments to focus on in the next two to five years to prioritize efforts and investments.

  4. “North America is expected to be the fastest-growing robotic drilling market.” In this report, the robotic drilling market has been analyzed with respect to 5 regions, namely, North America, Europe, Asia Pacific, the Middle East, and Rest of the World. North America is expected to be the largest and fastest-growing market, based on region, during the forecast period. The increased shale gas production and faster adoption of advanced technologies in drilling drive the growth of the robotic drilling market in the region. Asia Pacific is expected to be the second fastest-growing region in the robotic drilling market. Request Sample @ https://www.marketsandmarkets.com/requestsample.asp?id=227235522

  5. Target Audience: • The target audience of this report includes: • Drilling equipment manufacturers and suppliers • Exploration and production companies • National and international drilling associations • Oilfield services providers. • Speak to analyst @ https://www.marketsandmarkets.com/speaktoanalyst.asp?id=227235522

  6. Key players - • To provide an in-depth understanding of the competitive landscape, the report includes profiles of some of the leading players in the Robotic Drilling Market , namely: • Nabors (US), • Precision (Canada), • Weatherford (Switzerland), • Huisman (Netherlands), • National Oilwell Varco (US). • Buy Now : - • https://www.marketsandmarkets.com/Purchase/purchase_report1.asp?id=227235522

  7. Contact:Mr. Shelly SinghMarketsandMarkets™ INC.630 Dundee Road Suite 430 Northbrook, IL 60062 USA : 1-888-600-6441 UK : 44-800-368-9399Email: sales@marketsandmarkets.com

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