Rig Control System Market
Rig Control System Market Analysis, By Rig Type (Onshore, Offshore), By Technology (Hardware, Software), By Application (Mining, Oil & Gas Well Drilling, Workover Operations) - Global Market Insights 2022 to 2032
Analysis of Rig Control System Market covering 30 + countries including analysis of US, Canada, UK, Germany, France, Nordics, GCC countries, Japan, Korea and many more
Rig Control System Market Outlook (2022 to 2032)
Worldwide sales of rig control systems are estimated to reach US$ 800.5 Mn in 2022. Looking ahead, the global rig control system market is forecast to top US$ 1.1 Bn by the end of 2032, expanding at a CAGR of 3.2% during 2022 to 2032.
| Report Attributes | Details |
|---|---|
| Rig Control System Market Size (2021A) | US$ 782.6 Mn |
| Estimated Market Value (2022E) | US$ 800.5 Mn |
| Forecasted Market Value (2032F) | US$ 1.1 Bn |
| Global Market Growth Rate (2022 to 2032) | 3.2% CAGR |
| North America Market Share (2021) | ~38.1% |
| North America Growth Rate (2022 to 2032) | 3.6% CAGR |
| U.S. Growth Rate (2022 to 2032) | 3.7% CAGR |
| Top 5 Companies’ Market Share | ~38-40% |
| Key Companies Profiled | Schlumberger; Baker Hughes a GE Company; Halliburton; Rockwell Automation; Epiroc; Petrofac |
As per latest industry analysis by Fact.MR, rig control system consumption accounted for 2%-3% share of the global oil & gas service market value in 2021, with this share likely to go up to 5%-6% by the end of 2032.
Market growth is due to growing number of deep wells, well construction, intervention, and rising safety regulations in oil & gas fields.
Don't Need a Global Report?
save 40%! on Country & Region specific reports
Rig Control System Demand Analysis (2017 to 2021) Vs. Market Outlook (2022 to 2032)
According to recent analysis by Fact.MR, a market research and competitive intelligence provider, the global rig control market generated a value of approximately US$ 782.6 Mn in 2021 from onshore and offshore platforms.
Utilization for rig control systems witnessed a growth rate of 0.3% over the past half-decade. This was due to fluctuating crude oil prices in early 2020 due to COVID-19 pandemic.
Offshore rigs accounted for the highest utilization of rig control systems with approximately 60% market share in 2020. In offshore rigs, drill ships dominated the market in 2021 and witnessed a growth rate of 0.3% over 2017 to 2021.
Due to the pandemic, a record drop in the global energy market was witnessed of around 25 billion cubic meters. The natural gas market experienced a significant decline in supply activities over Q2 & Q3 of 2020.
Accelerating demand for software-based rig control systems in oil & gas fields is anticipated to supplement market development over the decade, especially in North America and the Middle East & Africa. Growing deployment of rig control systems in drilling activities in these regions is projected to create an absolute $ opportunities of US$ 138.4 Mn and US$ 88.6 Mn, respectively, during the forecast period.
Application of rig control systems in drilling, mining and workover has generated considerable demand in 2020. Additionally, growing energy demand across the world is anticipated to generate ample opportunities for oil & gas service providers during the forecast period.
Emergence of automation in drilling and well completion, and surging safety regulations in oil & gas fields are expected to drive demand outlook. This is because they eliminate the risks associated with loading & unloading and ensure that the travelling block does not touch the crown block.
Moreover, rising CGD projects are projected to create plethora of opportunities for market development in the near future.
- For instance, the Adani Group has taken approval from the Petroleum and Natural Gas Regulatory Board to expand its CGD network in 13 new geographical areas in India.
Moreover, in deep to ultra-deep drilling scenarios, rig control systems work as a safety equipment by providing real-time rig load data. Due to this application, the market is likely to generate abundant opportunities for oil & gas service providers over the coming years.
Furthermore, surging use of rig control systems in oil and gas as a safety equipment for drilling, mining and workover applications is likely to supplement the growth of the market over the period of 2022 to 2032. Due to this, the market is set to expand at a CAGR of 3.2% over the forecast period.
What are the Key Influencing Factor Driving Demand for Rig Control Systems?
“Operation Efficiency Offered to Drilling Rigs”
On-shore and offshore drilling activities remain the most critical, complex, and costly operation, though decreasing the gap between conventional technologies and emerging techniques.
- According to IEA (International Energy Agency), an offshore rig consumers approximately US$ 1 Million to US$ 3 Million of fuel annually, and IPIECA estimates that, a diesel generator consumes 20-30 meter cube of diesel per day, which is utilized in offshore drilling rigs.
Utilization of rig control systems ensures minimal use of power and provides optimum efficiency to the rig system.
CGD (city gas distribution) is considered to be a prominent factor driving demand for natural gas in residential, commercial, and industrial application. Growth in the CGD network is likely to drive demand for natural gas over the coming years, which will have a positive impact on oil & gas drilling.
Rig control systems are significantly deployed on rigs to get real-time data and eliminate the risk of injuries during operations. Increase in drilling activity will supplement the growth of overall market for rig control systems during the forecast period.
“Rising Investments in Oil & Gas Activities”
Leading producing countries are looking to increase their oil & gas export volumes. Growing demand for oil & gas has surged the activities associated with oil & gas exploration, drilling, and production. Moreover, major oil & gas consuming countries are continuously surging their investments to reduce import volumes by utilizing advanced machinery along with IOT services in oil & gas fields.
- For instance, in February 2021, the Indian government announced an investment of US$ 102.5 Bn in oil & gas infrastructure for the next 5 years.
This trend can also be observed in other countries such as China, the U.S., Russia, Iran, Iraq, and Saudi Arabia. This is expected to create abundant opportunities for oil & gas service providers to deploy rig control equipment over the coming years.
More Insights, Lesser Cost (-50% off)
Insights on import/export production,
pricing analysis, and more – Only @ Fact.MR
Which Factors are Retraining Market Development?
“Budget Restraints for Smaller Companies”
The oil & gas industry has been a vital part of the world economy. Though this sector is facing heavy scrutiny regarding various environmental factors such as air & water quality, offshore regulations, and chemical management.
- Based on the United States Environmental Protection Agency (EPA), the budget required for the clean air movement is around US$ 65 billion, as directed in the month of August 2021.
While implementing this technique, large MNCSs have the ability to measure the budget for the whole operation, but smaller companies may not able to budget for initial start-up costs. Around 60% of global oil & gas companies are very small in size with around 100-500 employees. This initiative may have a serve impact on the economic viability of these smaller companies.
“Push towards Renewable Energy”
In addition to this, increasing awareness about environment-friendly fuels has shifted consumer preference towards renewable sources. Carbon emissions from oil & gas industries are expected to grow 2.5% in 2022.
In this market scenario, regional government initiatives act as a catalyst to promote the usage of renewable energy. This will hinder the growth of oil & gas industries and restrict drilling activities in the near future.
Country-Wise Analysis
Why is the U.S. a Big Market for Rig Control System Consumption?
The U.S. is considered a leading installed base for rig control systems due to the emergence of automated technologies in oil & gas fields. The United States currently accounts for 635 active rigs, which is likely to surpass the mark of 700 by the end of 2022.
This scenario makes the United States a growth epicentre for rig control devices. The U.S. is estimated to capture 80% market share in the North American market and create an absolute $ opportunity of US$ 113 Mn over the assessment period.
Will Rig Control System Providers See Increased Profits from GCC Countries?
GCC countries have been one of the most lucrative markets driving the rig control system market in the Middle East region. The GCC rig control system market is estimated to reach US$ 215 Mn by 2032, expanding at a CAGR of around 3.5% over the decade.
This market is set to create an absolute $ opportunity of US$ 65 Mn during the forecast period. GCC countries are likely to hold approximately 2/3 market share in the Middle East by 2032. As such, the market in GCC countries will be highly profitable for rig control system suppliers.
Know thy Competitors
Competitive landscape highlights only certain players
Complete list available upon request
Category-Wise Analysis
Which Rig Control System Technology Accounts for Higher Sales?
Software technology for rig control systems accounted for a dominating share in the overall demand in 2021. This vertical generated a valuation of US$ 542 Mn in 2021.
The segment is estimated to surpass a valuation of US$ 740 Mn by the end of 2032, expanding at a CAGR of 3.1% over the assessment period.
Which Offshore Environment Rig Type is Attractive for Oil & Gas Service Providers?
Drill ships are likely to be the most attractive rig types in the offshore environment. This is due to their large size and high operational costs. This high operational cost generates demand for efficient tools to optimize operations and follow safety regulations in offshore environment.
The drill ships segment is expected to create an absolute $ opportunity of US$ 93.6 Mn by the end of the assessment period.
Competition Landscape
Schlumberger, Baker Hughes a GE Company, Halliburton, Rockwell Automation, Epiroc, Petrofac, Weatherford International, Stena Drilling, Diamond Offshore Drilling, Saipem, China Oilfield Services Limited (COSL), Nabors Industries, Transocean Ltd., KCA Deutag Alpha Limited, Valaris Limited, Lanzhou Lanshi Group Co., Ltd., National Oilwell Varco Inc., Rowan Offshore, Seadrill Limited, Noble Corporation, and Dolphin Drilling are some of the prominent manufacturers of rig control systems.
Leading players are more focused on collaborating with national oil & gas companies, which provides several opportunities for continuous demand for rig control systems and their associated services. In addition, oil & gas service providers have the opportunity for capital expansion in South Asia & Oceania and East Asia due to continuous exploitation of unconventional reservoirs.
Fact.MR has provided detailed information about price points of top manufacturers of pipe handling system positioned across regions, in addition to providing sales growth information, production capacity, and speculative production expansion in the recently published report.
Key Segments of Rig Control System Industry Survey
-
Rig Control System Market by Rig Type:
- Onshore Rig Control Systems
- Drilling Rig
- Workover
- Offshore Rig Control Systems
- Jack-ups
- Semi-submersible
- Drill-ships
- Others
- Onshore Rig Control Systems
-
Rig Control System Market by Technology:
- Rig Control System Hardware
- Rig Control System Software
-
Rig Control System Market by Application:
- Rig Control Systems for Mining
- Rig Control Systems for Oil & Gas Well Drilling
- Rig Control Systems for Workover Operations
- Others
-
Rig Control System Market by Region:
- North America Rig Control System Market
- Latin America Rig Control System Market
- Europe Rig Control System Market
- East Asia Rig Control System Market
- South Asia & Oceania Rig Control System Market
- MEA Rig Control System Market
Table of Content
- 1. Executive Summary
- 2. Market Overview
- 3. Market Background and Foundation Data Points
- 4. Market Risks & Trends Assessment
- 5. Global Market Demand Analysis
- 6. Global Market Demand (US$ Mn) Analysis 2017 to 2021 and Forecast, 2022 to 2032
- 7. Global Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Rig Type
- 7.1. Onshore
- 7.1.1. Drilling Rig
- 7.1.2. Workover
- 7.2. Offshore
- 7.2.1. Jack-ups
- 7.2.2. Semi-submersible
- 7.2.3. Drill-ships
- 7.2.4. Others
- 7.1. Onshore
- 8. Global Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Technology
- 8.1. Hardware
- 8.2. Software
- 9. Global Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Application
- 9.1. Mining
- 9.2. Oil & Gas Well Drilling
- 9.3. Workover Operations
- 9.4. Others
- 10. Global Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Region
- 10.1. North America
- 10.2. Latin America
- 10.3. Europe
- 10.4. East Asia
- 10.5. South Asia & Oceania
- 10.6. Middle East & Africa
- 11. North America Market Analysis 2017 to 2021 and Forecast 2022 to 2032
- 12. Latin America Market Analysis 2017 to 2021 and Forecast 2022 to 2032
- 13. Europe Market Analysis 2017 to 2021 and Forecast 2022 to 2032
- 14. East Asia Market Analysis 2017 to 2021 and Forecast 2022 to 2032
- 15. South Asia & Oceania Market Analysis 2017 to 2021 and Forecast 2022 to 2032
- 16. Middle East & Africa Market Analysis 2017 to 2021 and Forecast 2022 to 2032
- 17. Key Countries Market Analysis 2017 to 2021 and Forecast 2022 to 2032
- 18. Market Structure Analysis
- 19. Competition Analysis
- 19.1. Baker Hughes a GE Company
- 19.2. China Oilfield Services Limited (COSL)
- 19.3. Diamond Offshore Drilling
- 19.4. Dolphin Drilling
- 19.5. Epiroc
- 19.6. Halliburton
- 19.7. KCA Deutag Alpha Limited
- 19.8. Lanzhou Lanshi Group Co., Ltd.
- 19.9. Nabors Industries
- 19.10. National Oilwell Varco Inc.
- 19.11. Noble Corporation
- 19.12. Petrofac
- 19.13. Rockwell Automation
- 19.14. Rowan Offshore
- 19.15. Saipem
- 19.16. Schlumberger
- 19.17. Seadrill Limited
- 19.18. Stena Drilling
- 19.19. Transocean Ltd.
- 19.20. Valaris Limited
- 19.21. Weatherford International
- 20. Research Methodology
- 21. Assumption & Acronyms Used
Don't Need a Global Report?
save 40%! on Country & Region specific reports
List Of Table
Table No. 1. Global Market Value (US$ Mn) Analysis, By Rig Type, 2017 to 2021
Table No. 2. Global Market Value (US$ Mn) Analysis, By Rig Type, 2022 to 2032
Table No. 3. Global Market Value (US$ Mn) Analysis, By Technology, 2017 to 2021
Table No. 4. Global Market Value (US$ Mn) Analysis, By Technology, 2022 to 2032
Table No. 5. Global Market Value (US$ Mn) Analysis, By Application, 2017 to 2021
Table No. 6. Global Market Value (US$ Mn) Analysis, By Application, 2022 to 2032
Table No. 7. Global Value (US$ Mn) and Volume (‘Units) Analysis, By Region, 2017 to 2021
Table No. 8. Global Market Value (US$ Mn) Analysis, By Region, 2022 to 2032
Table No. 9. North America Market Value (US$ Mn) Analysis, By Country, 2017 to 2021
Table No. 10. North America Market Value (US$ Mn) Analysis, By Country, 2022 to 2032
Table No. 11. North America Market Value (US$ Mn) Analysis, By Rig Type, 2017 to 2021
Table No. 12. North America Market Value (US$ Mn) Analysis, By Rig Type, 2022 to 2032
Table No. 13. North America Market Value (US$ Mn) Analysis, By Technology, 2017 to 2021
Table No. 14. North America Market Value (US$ Mn) Analysis, By Technology, 2022 to 2032
Table No. 15. North America Market Value (US$ Mn) Analysis, By Application, 2017 to 2021
Table No. 16. North America Market Value (US$ Mn) Analysis, By Application, 2022 to 2032
Table No. 17. Latin America Market Value (US$ Mn) Analysis, By Country, 2017 to 2021
Table No. 18. Latin America Market Value (US$ Mn) Analysis, By Country, 2022 to 2032
Table No. 19. Latin America Market Value (US$ Mn) Analysis, By Rig Type, 2017 to 2021
Table No. 20. Latin America Market Value (US$ Mn) Analysis, By Rig Type, 2022 to 2032
Table No. 21. Latin America Market Value (US$ Mn) Analysis, By Technology, 2017 to 2021
Table No. 22. Latin America Market Value (US$ Mn) Analysis, By Technology, 2022 to 2032
Table No. 23. Latin America Market Value (US$ Mn) Analysis, By Application, 2017 to 2021
Table No. 24. Latin America Market Value (US$ Mn) Analysis, By Application, 2022 to 2032
Table No. 25. Europe Market Value (US$ Mn) Analysis, By Country, 2017 to 2021
Table No. 26. Europe Market Value (US$ Mn) Analysis, By Country, 2022 to 2032
Table No. 27. Europe Market Value (US$ Mn) Analysis, By Rig Type, 2017 to 2021
Table No. 28. Europe Market Value (US$ Mn) Analysis, By Rig Type, 2022 to 2032
Table No. 29. Europe Market Value (US$ Mn) Analysis, By Technology, 2017 to 2021
Table No. 30. Europe Market Value (US$ Mn) Analysis, By Technology, 2022 to 2032
Table No. 31. Europe Market Value (US$ Mn) Analysis, By Application, 2017 to 2021
Table No. 32. Europe Market Value (US$ Mn) Analysis, By Application, 2022 to 2032
Table No. 33. East Asia Market Value (US$ Mn) Analysis, By Country, 2017 to 2021
Table No. 34. East Asia Market Value (US$ Mn) Analysis, By Country, 2022 to 2032
Table No. 35. East Asia Market Value (US$ Mn) Analysis, By Rig Type, 2017 to 2021
Table No. 36. East Asia Market Value (US$ Mn) Analysis, By Rig Type, 2022 to 2032
Table No. 37. East Asia Market Value (US$ Mn) Analysis, By Technology, 2017 to 2021
Table No. 38. East Asia Market Value (US$ Mn) Analysis, By Technology, 2022 to 2032
Table No. 39. East Asia Market Value (US$ Mn) Analysis, By Application, 2017 to 2021
Table No. 40. East Asia Market Value (US$ Mn) Analysis, By Application, 2022 to 2032
Table No. 41. South Asia & Oceania Market Value (US$ Mn) Analysis, By Country, 2017 to 2021
Table No. 42. South Asia & Oceania Market Value (US$ Mn) Analysis, By Country, 2022 to 2032
Table No. 43. South Asia & Oceania Market Value (US$ Mn) Analysis, By Rig Type, 2017 to 2021
Table No. 44. South Asia & Oceania Market Value (US$ Mn) Analysis, By Rig Type, 2022 to 2032
Table No. 45. South Asia & Oceania Market Value (US$ Mn) Analysis, By Technology, 2017 to 2021
Table No. 46. South Asia & Oceania Market Value (US$ Mn) Analysis, By Technology, 2022 to 2032
Table No. 47. South Asia & Oceania Market Value (US$ Mn) Analysis, By Application, 2017 to 2021
Table No. 48. South Asia & Oceania Market Value (US$ Mn) Analysis, By Application, 2022 to 2032
Table No. 49. MEA Market Value (US$ Mn) Analysis, By Country, 2017 to 2021
Table No. 50. MEA Market Value (US$ Mn) Analysis, By Country, 2022 to 2032
Table No. 51. MEA Market Value (US$ Mn) Analysis, By Rig Type, 2017 to 2021
Table No. 52. MEA Market Value (US$ Mn) Analysis, By Rig Type, 2022 to 2032
Table No. 53. MEA Market Value (US$ Mn) Analysis, By Technology, 2017 to 2021
Table No. 54. MEA Market Value (US$ Mn) Analysis, By Technology, 2022 to 2032
Table No. 55. United States Market Value (US$ Mn) Analysis, By Rig Type, 2017 to 2021
Table No. 56. United States Market Value (US$ Mn) Analysis, By Rig Type, 2022 to 2032
Table No. 57. United States Market Value (US$ Mn) Analysis, By Technology, 2017 to 2021
Table No. 58. United States Market Value (US$ Mn) Analysis, By Technology, 2022 to 2032
Table No. 59. United States Market Value (US$ Mn) Analysis, By Application, 2017 to 2021
Table No. 60. United States Market Value (US$ Mn) Analysis, By Application, 2022 to 2032
Table No. 61. Brazil Market Value (US$ Mn) Analysis, By Rig Type, 2017 to 2021
Table No. 62. Brazil Market Value (US$ Mn) Analysis, By Rig Type, 2022 to 2032
Table No. 63. Brazil Market Value (US$ Mn) Analysis, By Technology, 2017 to 2021
Table No. 64. Brazil Market Value (US$ Mn) Analysis, By Technology, 2022 to 2032
Table No. 65. Brazil Market Value (US$ Mn) Analysis, By Application, 2017 to 2021
Table No. 66. Brazil Market Value (US$ Mn) Analysis, By Application, 2022 to 2032
Table No. 67. Mexico Market Value (US$ Mn) Analysis, By Rig Type, 2017 to 2021
Table No. 68. Mexico Market Value (US$ Mn) Analysis, By Rig Type, 2022 to 2032
Table No. 69. Mexico Market Value (US$ Mn) Analysis, By Technology, 2017 to 2021
Table No. 70. Mexico Market Value (US$ Mn) Analysis, By Technology, 2022 to 2032
Table No. 71. Mexico Market Value (US$ Mn) Analysis, By Application, 2017 to 2021
Table No. 72. Mexico Market Value (US$ Mn) Analysis, By Application, 2022 to 2032
Table No. 73. Germany Market Value (US$ Mn) Analysis, By Rig Type, 2017 to 2021
Table No. 74. Germany Market Value (US$ Mn) Analysis, By Rig Type, 2022 to 2032
Table No. 75. Germany Market Value (US$ Mn) Analysis, By Technology, 2017 to 2021
Table No. 76. Germany Market Value (US$ Mn) Analysis, By Technology, 2022 to 2032
Table No. 77. Germany Market Value (US$ Mn) Analysis, By Application, 2017 to 2021
Table No. 78. Germany Market Value (US$ Mn) Analysis, By Application, 2022 to 2032
Table No. 79. France Market Value (US$ Mn) Analysis, By Rig Type, 2017 to 2021
Table No. 80. France Market Value (US$ Mn) Analysis, By Rig Type, 2022 to 2032
Table No. 81. France Market Value (US$ Mn) Analysis, By Technology, 2017 to 2021
Table No. 82. France Market Value (US$ Mn) Analysis, By Technology, 2022 to 2032
Table No. 83. France Market Value (US$ Mn) Analysis, By Application, 2017 to 2021
Table No. 84. France Market Value (US$ Mn) Analysis, By Application, 2022 to 2032
Table No. 85. United Kingdom Market Value (US$ Mn) Analysis, By Rig Type, 2017 to 2021
Table No. 86. United Kingdom Market Value (US$ Mn) Analysis, By Rig Type, 2022 to 2032
Table No. 87. United Kingdom Market Value (US$ Mn) Analysis, By Technology, 2017 to 2021
Table No. 88. United Kingdom Market Value (US$ Mn) Analysis, By Technology, 2022 to 2032
Table No. 89. United Kingdom Market Value (US$ Mn) Analysis, By Application, 2017 to 2021
Table No. 90. United Kingdom Market Value (US$ Mn) Analysis, By Application, 2022 to 2032
Table No. 91. China Market Value (US$ Mn) Analysis, By Rig Type, 2017 to 2021
Table No. 92. China Market Value (US$ Mn) Analysis, By Rig Type, 2022 to 2032
Table No. 93. China Market Value (US$ Mn) Analysis, By Technology, 2017 to 2021
Table No. 94. China Market Value (US$ Mn) Analysis, By Technology, 2022 to 2032
Table No. 95. China Market Value (US$ Mn) Analysis, By Application, 2017 to 2021
Table No. 96. China Market Value (US$ Mn) Analysis, By Application, 2022 to 2032
Table No. 97. Russia Market Value (US$ Mn) Analysis, By Rig Type, 2017 to 2021
Table No. 98. Russia Market Value (US$ Mn) Analysis, By Rig Type, 2022 to 2032
Table No. 99. Russia Market Value (US$ Mn) Analysis, By Technology, 2017 to 2021
Table No. 100. Russia Market Value (US$ Mn) Analysis, By Technology, 2022 to 2032
Table No. 101. Russia Market Value (US$ Mn) Analysis, By Application, 2017 to 2021
Table No. 102. Russia Market Value (US$ Mn) Analysis, By Application, 2022 to 2032
Table No. 103. Japan Market Value (US$ Mn) Analysis, By Rig Type, 2017 to 2021
Table No. 104. Japan Market Value (US$ Mn) Analysis, By Rig Type, 2022 to 2032
Table No. 105. Japan Market Value (US$ Mn) Analysis, By Technology, 2017 to 2021
Table No. 106. Japan Market Value (US$ Mn) Analysis, By Technology, 2022 to 2032
Table No. 107. Japan Market Value (US$ Mn) Analysis, By Application, 2017 to 2021
Table No. 108. Japan Market Value (US$ Mn) Analysis, By Application, 2022 to 2032
Table No. 109. GCC Countries Market Value (US$ Mn) Analysis, By Rig Type, 2017 to 2021
Table No. 110. GCC Countries Market Value (US$ Mn) Analysis, By Rig Type, 2022 to 2032
Table No. 111. GCC Countries Market Value (US$ Mn) Analysis, By Technology, 2017 to 2021
Table No. 112. GCC Countries Market Value (US$ Mn) Analysis, By Technology, 2022 to 2032
Table No. 113. GCC Countries Market Value (US$ Mn) Analysis, By Application, 2017 to 2021
Table No. 114. GCC Countries Market Value (US$ Mn) Analysis, By Application, 2022 to 2032
More Insights, Lesser Cost (-50% off)
Insights on import/export production,
pricing analysis, and more – Only @ Fact.MR
List Of Figures
Figure No 1: Global Market Value (US$ Mn) Forecast and Analysis, 2017 to 2021
Figure No 2: Global Market Value (US$ Mn), Scenario Forecast, 2022 to 2032
Figure No 3: Global Market Value (US$ Mn), Forecast and Analysis, 2017 to 2021
Figure No 4: Global Market Value (US$ Mn), Forecast and Analysis, 2022 to 2032
Figure No 5: Global Market Value Y-o-Y Growth and Forecast, 2018 to 2032
Figure No 6: Global Market Incremental $ Opportunity, 2022 to 2032
Figure No 7: Global Market Share By Rig Type - 2022 & 2032
Figure No 8: Global Market Y-o-Y Growth Projections Rig Type, 2022 to 2032
Figure No 9: Global Market Attractiveness Analysis Rig Type, 2022 to 2032
Figure No 10: Global Market Share By Technology - 2022 & 2032
Figure No 11: Global Market Y-o-Y Growth Projections By Technology, 2022 to 2032
Figure No 12: Global Market Attractiveness Analysis By Technology, 2022 to 2032
Figure No 13: Global Market Share By Application - 2022 & 2032
Figure No 14: Global Market Y-o-Y Growth Projections By Application, 2022 to 2032
Figure No 15: Global Market Attractiveness Analysis By Application, 2022 to 2032
Figure No 16: Global Market Share By Region- 2022 & 2032
Figure No 17: Global Market Y-o-Y Growth Projections By Region, 2022 to 2032
Figure No 18: Global Market Attractiveness Analysis By Region, 2022 to 2032
Figure No 19: North America Market Value (US$ Mn) Forecast and Analysis, 2022 to 2032
Figure No 20: North America Market Share By Country - 2022 & 2032
Figure No 21: North America Market Y-o-Y Growth Projections By Country, 2022 to 2032
Figure No 22: North America Market Attractiveness Analysis By Country, 2022 to 2032
Figure No 23: North America Market Share By Rig Type - 2022 & 2032
Figure No 24: North America Market Y-o-Y Growth Projections Type, 2022 to 2032
Figure No 25: North America Market Attractiveness Analysis Type, 2022 to 2032
Figure No 26: North America Market Share By Technology- 2022 & 2032
Figure No 27: North America Market Y-o-Y Growth Projections By Technology, 2022 to 2032
Figure No 28: North America Market Attractiveness Analysis By Technology, 2022 to 2032
Figure No 29: North America Market Share By Application- 2022 & 2032
Figure No 30: North America Market Y-o-Y Growth Projections By Application, 2022 to 2032
Figure No 31: North America Market Attractiveness Analysis By Application, 2022 to 2032
Figure No 32: Latin America Market Value (US$ Mn) Forecast and Analysis, 2022 to 2032
Figure No 33: Latin America Market Share By Country - 2022 & 2032
Figure No 34: Latin America Market Y-o-Y Growth Projections By Country, 2022 to 2032
Figure No 35: Latin America Market Attractiveness Analysis By Country, 2022 to 2032
Figure No 36: Latin America Market Share By Rig Type - 2022 & 2032
Figure No 37: Latin America Market Y-o-Y Growth Projections Type, 2022 to 2032
Figure No 38: Latin America Market Attractiveness Analysis Type, 2022 to 2032
Figure No 39: Latin America Market Share By Technology- 2022 & 2032
Figure No 40: Latin America Market Y-o-Y Growth Projections By Technology, 2022 to 2032
Figure No 41: Latin America Market Attractiveness Analysis By Technology, 2022 to 2032
Figure No 42: Latin America Market Share By Application- 2022 & 2032
Figure No 43: Latin America Market Y-o-Y Growth Projections By Application, 2022 to 2032
Figure No 44: Latin America Market Attractiveness Analysis By Application, 2022 to 2032
Figure No 45: Europe Market Value (US$ Mn) Forecast and Analysis, 2022 to 2032
Figure No 46: Europe Market Share By Country - 2022 & 2032
Figure No 47: Europe Market Y-o-Y Growth Projections By Country, 2022 to 2032
Figure No 48: Europe Market Attractiveness Analysis By Country, 2022 to 2032
Figure No 49: Europe Market Share By Rig Type - 2022 & 2032
Figure No 50: Europe Market Y-o-Y Growth Projections Type, 2022 to 2032
Figure No 51: Europe Market Attractiveness Analysis Type, 2022 to 2032
Figure No 52: Europe Market Share By Technology- 2022 & 2032
Figure No 53: Europe Market Y-o-Y Growth Projections By Technology, 2022 to 2032
Figure No 54: Europe Market Attractiveness Analysis By Technology, 2022 to 2032
Figure No 55: Europe Market Share By Application- 2022 & 2032
Figure No 56: Europe Market Y-o-Y Growth Projections By Application, 2022 to 2032
Figure No 57: Europe Market Attractiveness Analysis By Application, 2022 to 2032
Figure No 58: East Asia Market Value (US$ Mn) Forecast and Analysis, 2022 to 2032
Figure No 59: East Asia Market Share By Country - 2022 & 2032
Figure No 60: East Asia Market Y-o-Y Growth Projections By Country, 2022 to 2032
Figure No 61: East Asia Market Attractiveness Analysis By Country, 2022 to 2032
Figure No 62: East Asia Market Share By Rig Type - 2022 & 2032
Figure No 63: East Asia Market Y-o-Y Growth Projections Type, 2022 to 2032
Figure No 64: East Asia Market Attractiveness Analysis Type, 2022 to 2032
Figure No 65: East Asia Market Share By Technology- 2022 & 2032
Figure No 66: East Asia Market Y-o-Y Growth Projections By Technology, 2022 to 2032
Figure No 67: East Asia Market Attractiveness Analysis By Technology, 2022 to 2032
Figure No 68: East Asia Market Share By Application- 2022 & 2032
Figure No 69: East Asia Market Y-o-Y Growth Projections By Application, 2022 to 2032
Figure No 70: East Asia Market Attractiveness Analysis By Application, 2022 to 2032
Figure No 71: South Asia & Oceania Market Value (US$ Mn) Forecast and Analysis, 2022 to 2032
Figure No 72: South Asia & Oceania Market Share By Country - 2022 & 2032
Figure No 73: South Asia & Oceania Market Y-o-Y Growth Projections By Country, 2022 to 2032
Figure No 74: South Asia & Oceania Market Attractiveness Analysis By Country, 2022 to 2032
Figure No 75: South Asia & Oceania Market Share By Rig Type - 2022 & 2032
Figure No 76: South Asia & Oceania Market Y-o-Y Growth Projections By Product, 2022 to 2032
Figure No 77: South Asia & Oceania Market Attractiveness Analysis Type, 2022 to 2032
Figure No 78: South Asia & Oceania Market Share By Technology- 2022 & 2032
Figure No 79: South Asia & Oceania Market Y-o-Y Growth Projections By Technology, 2022 to 2032
Figure No 80: South Asia & Oceania Market Attractiveness Analysis By Technology, 2022 to 2032
Figure No 81: South Asia & Oceania Market Share By Application- 2022 & 2032
Figure No 82: South Asia & Oceania Market Y-o-Y Growth Projections By Application, 2022 to 2032
Figure No 83: South Asia & Oceania Market Attractiveness Analysis By Application, 2022 to 2032
Figure No 84: MEA Market Value (US$ Mn) Forecast and Analysis, 2022 to 2032
Figure No 85: MEA Market Share By Country - 2022 & 2032
Figure No 86: MEA Market Y-o-Y Growth Projections By Country, 2022 to 2032
Figure No 87: MEA Market Attractiveness Analysis By Country, 2022 to 2032
Figure No 88: MEA Market Share By Rig Type - 2022 & 2032
Figure No 89: MEA Market Y-o-Y Growth Projections Type, 2022 to 2032
Figure No 90: MEA Market Attractiveness Analysis Type, 2022 to 2032
Figure No 91: MEA Market Share By Technology- 2022 & 2032
Figure No 92: MEA Market Y-o-Y Growth Projections By Technology, 2022 to 2032
Figure No 93: MEA Market Attractiveness Analysis By Technology, 2022 to 2032
Figure No 94: MEA Market Share By Application- 2022 & 2032
Figure No 95: MEA Market Y-o-Y Growth Projections By Application, 2022 to 2032
Figure No 96: MEA Market Attractiveness Analysis By Application, 2022 to 2032
Know thy Competitors
Competitive landscape highlights only certain players
Complete list available upon request
- FAQs -
What is the estimated valuation of the global rig control system market?
The global rig control system market is estimated to be valued at US$ 800.5 Mn in 2022.
At what CAGR is the market expected to grow over the coming years?
Rig control system market value is expected to expand at a CAGR of around 3.2% over the period of 2022-2032.
How has the rig control devices market performed over the past half-decade?
Demand for rig control systems witnessed a growth rate of 0.3% during 2017-2021.
Who are prominent vital manufacturers of rig control equipment?
Top companies manufacturing rig control systems are Schlumberger, Baker Hughes a GE Company, Halliburton, Rockwell Automation, Epiroc, Petrofac, Weatherford International, and Stena Drilling.
What share of the market is captured by North America?
North America is estimated to capture approximately 38% market in 2022.
Rig Control System Market