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Robotic Drilling Market by New Innovations, Technology And Research 2018, Forecasts till 2023

The report "Robotic Drilling Market Application (Onshore and Offshore), Installation (New Builds and Retrofits), Components (Hardware and Software), and Region (North America, Asia Pacific, Europe, Middle East) - Global Forecast to 2023", The robotic drilling market is expected to grow from an estimated USD 658.0 Million in 2018 to USD 923.3 Million by 2023, at a CAGR of 7.01% from 2018 to 2023. This market growth is driven by the increased drilling activities due to the development of unconventional hydrocarbon resources and the adoption of automation and robotics in oil and gas drilling, which results in higher efficiency drilling and improved safety in rigs.

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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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86 views • 7 slides

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International drilling associations - PowerPoint PPT Presentation

Robotic Drilling Market by New Innovations, Technology And Research 2018, Forecasts till 2023

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