The Market Reports
Call: +1-631-407-1315 / +91-750-729-1479
Email: sales@themarketreports.com
Global AC VFD Top Drive System Market 2024 by Manufacturers, Regions, Type and Application, Forecast to 2029
Synopsis
The global AC VFD Top Drive System market size was valued at USD million in 2022 and is forecast to a readjusted size of USD million by 2029 with a CAGR of % during review period. The influence of COVID-19 and the Russia-Ukraine War were considered while estimating market sizes.
The top drive system market demand is closely related to upstream oil extraction. It is expected that the increase in global oil and gas exploration and drilling activities, unconventional oil field development and directional drilling will contribute to the growth of the top drive system market in the next few years.
The top drive drilling system is a new type of drilling technology emerging in the 1980s. It is a major breakthrough in rotary drilling technology and is a new type of oil drilling device used to replace the top drive device of the rotary table. Because it significantly improves the ability and efficiency of drilling operations, it is known as one of the three major technical achievements of modern drilling equipment. It has been highly valued by oil companies around the world and has become a representative of advanced oil drilling equipment. The top drive drilling system has been widely promoted and applied on various offshore and onshore drilling rigs, and the technology has developed rapidly. Based on the AC-SCR-DC electric drive, the top drive drilling unit has developed a more advanced AC variable frequency electric drive top drive. AC frequency conversion top drive drilling device is usually composed of body, electrical drive and control system, adopts AC frequency conversion drive mode, it directly rotates the drill pipe from the upper space of the derrick, sends it down along the special guide rail, and completes various drilling operations. AC variable frequency electric top drive is mainly used on large onshore drilling rigs or offshore drilling rigs.
This report is a detailed and comprehensive analysis for global AC VFD Top Drive System market. Both quantitative and qualitative analyses are presented by manufacturers, by region & country, by Type and by Application. As the market is constantly changing, this report explores the competition, supply and demand trends, as well as key factors that contribute to its changing demands across many markets. Company profiles and product examples of selected competitors, along with market share estimates of some of the selected leaders for the year 2023, are provided.
Key Features:
Global AC VFD Top Drive System market size and forecasts, in consumption value ($ Million), sales quantity (Units), and average selling prices (K US$/Unit), 2018-2029
Global AC VFD Top Drive System market size and forecasts by region and country, in consumption value ($ Million), sales quantity (Units), and average selling prices (K US$/Unit), 2018-2029
Global AC VFD Top Drive System market size and forecasts, by Type and by Application, in consumption value ($ Million), sales quantity (Units), and average selling prices (K US$/Unit), 2018-2029
Global AC VFD Top Drive System market shares of main players, shipments in revenue ($ Million), sales quantity (Units), and ASP (K US$/Unit), 2018-2023
The Primary Objectives in This Report Are:
To determine the size of the total market opportunity of global and key countries
To assess the growth potential for AC VFD Top Drive System
To forecast future growth in each product and end-use market
To assess competitive factors affecting the marketplace
This report profiles key players in the global AC VFD Top Drive System market based on the following parameters - company overview, production, value, price, gross margin, product portfolio, geographical presence, and key developments. Key companies covered as a part of this study include Ganergy Heavy Industry, ZPEC, Beijing BOMCO Offshore Engineering Technology, NOV and Bentec, etc.
This report also provides key insights about market drivers, restraints, opportunities, new product launches or approvals, COVID-19 and Russia-Ukraine War Influence.
Market Segmentation
AC VFD Top Drive System market is split by Type and by Application. For the period 2018-2029, the growth among segments provides accurate calculations and forecasts for consumption value by Type, and by Application in terms of volume and value. This analysis can help you expand your business by targeting qualified niche markets.
Market segment by Type
Nominal Drilling Depth: below 5000m
Nominal Drilling Depth: 5000m-10000m
Nominal Drilling Depth: above 10000m
Market segment by Application
Onshore Drilling
Offshore Drilling
Major players covered
Ganergy Heavy Industry
ZPEC
Beijing BOMCO Offshore Engineering Technology
NOV
Bentec
SLB
Drillmec
TPEC
Nabors Industries
AXON Energy Services
Market segment by region, regional analysis covers
North America (United States, Canada and Mexico)
Europe (Germany, France, United Kingdom, Russia, Italy, and Rest of Europe)
Asia-Pacific (China, Japan, Korea, India, Southeast Asia, and Australia)
South America (Brazil, Argentina, Colombia, and Rest of South America)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa, and Rest of Middle East & Africa)
The content of the study subjects, includes a total of 15 chapters:
Chapter 1, to describe AC VFD Top Drive System product scope, market overview, market estimation caveats and base year.
Chapter 2, to profile the top manufacturers of AC VFD Top Drive System, with price, sales, revenue and global market share of AC VFD Top Drive System from 2018 to 2023.
Chapter 3, the AC VFD Top Drive System competitive situation, sales quantity, revenue and global market share of top manufacturers are analyzed emphatically by landscape contrast.
Chapter 4, the AC VFD Top Drive System breakdown data are shown at the regional level, to show the sales quantity, consumption value and growth by regions, from 2018 to 2029.
Chapter 5 and 6, to segment the sales by Type and application, with sales market share and growth rate by type, application, from 2018 to 2029.
Chapter 7, 8, 9, 10 and 11, to break the sales data at the country level, with sales quantity, consumption value and market share for key countries in the world, from 2017 to 2022.and AC VFD Top Drive System market forecast, by regions, type and application, with sales and revenue, from 2024 to 2029.
Chapter 12, market dynamics, drivers, restraints, trends, Porters Five Forces analysis, and Influence of COVID-19 and Russia-Ukraine War.
Chapter 13, the key raw materials and key suppliers, and industry chain of AC VFD Top Drive System.
Chapter 14 and 15, to describe AC VFD Top Drive System sales channel, distributors, customers, research findings and conclusion.
The global AC VFD Top Drive System market size was valued at USD million in 2022 and is forecast to a readjusted size of USD million by 2029 with a CAGR of % during review period. The influence of COVID-19 and the Russia-Ukraine War were considered while estimating market sizes.
The top drive system market demand is closely related to upstream oil extraction. It is expected that the increase in global oil and gas exploration and drilling activities, unconventional oil field development and directional drilling will contribute to the growth of the top drive system market in the next few years.
The top drive drilling system is a new type of drilling technology emerging in the 1980s. It is a major breakthrough in rotary drilling technology and is a new type of oil drilling device used to replace the top drive device of the rotary table. Because it significantly improves the ability and efficiency of drilling operations, it is known as one of the three major technical achievements of modern drilling equipment. It has been highly valued by oil companies around the world and has become a representative of advanced oil drilling equipment. The top drive drilling system has been widely promoted and applied on various offshore and onshore drilling rigs, and the technology has developed rapidly. Based on the AC-SCR-DC electric drive, the top drive drilling unit has developed a more advanced AC variable frequency electric drive top drive. AC frequency conversion top drive drilling device is usually composed of body, electrical drive and control system, adopts AC frequency conversion drive mode, it directly rotates the drill pipe from the upper space of the derrick, sends it down along the special guide rail, and completes various drilling operations. AC variable frequency electric top drive is mainly used on large onshore drilling rigs or offshore drilling rigs.
This report is a detailed and comprehensive analysis for global AC VFD Top Drive System market. Both quantitative and qualitative analyses are presented by manufacturers, by region & country, by Type and by Application. As the market is constantly changing, this report explores the competition, supply and demand trends, as well as key factors that contribute to its changing demands across many markets. Company profiles and product examples of selected competitors, along with market share estimates of some of the selected leaders for the year 2023, are provided.
Key Features:
Global AC VFD Top Drive System market size and forecasts, in consumption value ($ Million), sales quantity (Units), and average selling prices (K US$/Unit), 2018-2029
Global AC VFD Top Drive System market size and forecasts by region and country, in consumption value ($ Million), sales quantity (Units), and average selling prices (K US$/Unit), 2018-2029
Global AC VFD Top Drive System market size and forecasts, by Type and by Application, in consumption value ($ Million), sales quantity (Units), and average selling prices (K US$/Unit), 2018-2029
Global AC VFD Top Drive System market shares of main players, shipments in revenue ($ Million), sales quantity (Units), and ASP (K US$/Unit), 2018-2023
The Primary Objectives in This Report Are:
To determine the size of the total market opportunity of global and key countries
To assess the growth potential for AC VFD Top Drive System
To forecast future growth in each product and end-use market
To assess competitive factors affecting the marketplace
This report profiles key players in the global AC VFD Top Drive System market based on the following parameters - company overview, production, value, price, gross margin, product portfolio, geographical presence, and key developments. Key companies covered as a part of this study include Ganergy Heavy Industry, ZPEC, Beijing BOMCO Offshore Engineering Technology, NOV and Bentec, etc.
This report also provides key insights about market drivers, restraints, opportunities, new product launches or approvals, COVID-19 and Russia-Ukraine War Influence.
Market Segmentation
AC VFD Top Drive System market is split by Type and by Application. For the period 2018-2029, the growth among segments provides accurate calculations and forecasts for consumption value by Type, and by Application in terms of volume and value. This analysis can help you expand your business by targeting qualified niche markets.
Market segment by Type
Nominal Drilling Depth: below 5000m
Nominal Drilling Depth: 5000m-10000m
Nominal Drilling Depth: above 10000m
Market segment by Application
Onshore Drilling
Offshore Drilling
Major players covered
Ganergy Heavy Industry
ZPEC
Beijing BOMCO Offshore Engineering Technology
NOV
Bentec
SLB
Drillmec
TPEC
Nabors Industries
AXON Energy Services
Market segment by region, regional analysis covers
North America (United States, Canada and Mexico)
Europe (Germany, France, United Kingdom, Russia, Italy, and Rest of Europe)
Asia-Pacific (China, Japan, Korea, India, Southeast Asia, and Australia)
South America (Brazil, Argentina, Colombia, and Rest of South America)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa, and Rest of Middle East & Africa)
The content of the study subjects, includes a total of 15 chapters:
Chapter 1, to describe AC VFD Top Drive System product scope, market overview, market estimation caveats and base year.
Chapter 2, to profile the top manufacturers of AC VFD Top Drive System, with price, sales, revenue and global market share of AC VFD Top Drive System from 2018 to 2023.
Chapter 3, the AC VFD Top Drive System competitive situation, sales quantity, revenue and global market share of top manufacturers are analyzed emphatically by landscape contrast.
Chapter 4, the AC VFD Top Drive System breakdown data are shown at the regional level, to show the sales quantity, consumption value and growth by regions, from 2018 to 2029.
Chapter 5 and 6, to segment the sales by Type and application, with sales market share and growth rate by type, application, from 2018 to 2029.
Chapter 7, 8, 9, 10 and 11, to break the sales data at the country level, with sales quantity, consumption value and market share for key countries in the world, from 2017 to 2022.and AC VFD Top Drive System market forecast, by regions, type and application, with sales and revenue, from 2024 to 2029.
Chapter 12, market dynamics, drivers, restraints, trends, Porters Five Forces analysis, and Influence of COVID-19 and Russia-Ukraine War.
Chapter 13, the key raw materials and key suppliers, and industry chain of AC VFD Top Drive System.
Chapter 14 and 15, to describe AC VFD Top Drive System sales channel, distributors, customers, research findings and conclusion.
Index1 Market Overview
1.1 Product Overview and Scope of AC VFD Top Drive System
1.2 Market Estimation Caveats and Base Year
1.3 Market Analysis by Type
1.3.1 Overview: Global AC VFD Top Drive System Consumption Value by Type: 2018 Versus 2022 Versus 2029
1.3.2 Nominal Drilling Depth: below 5000m
1.3.3 Nominal Drilling Depth: 5000m-10000m
1.3.4 Nominal Drilling Depth: above 10000m
1.4 Market Analysis by Application
1.4.1 Overview: Global AC VFD Top Drive System Consumption Value by Application: 2018 Versus 2022 Versus 2029
1.4.2 Onshore Drilling
1.4.3 Offshore Drilling
1.5 Global AC VFD Top Drive System Market Size & Forecast
1.5.1 Global AC VFD Top Drive System Consumption Value (2018 & 2022 & 2029)
1.5.2 Global AC VFD Top Drive System Sales Quantity (2018-2029)
1.5.3 Global AC VFD Top Drive System Average Price (2018-2029)
2 Manufacturers Profiles
2.1 Ganergy Heavy Industry
2.1.1 Ganergy Heavy Industry Details
2.1.2 Ganergy Heavy Industry Major Business
2.1.3 Ganergy Heavy Industry AC VFD Top Drive System Product and Services
2.1.4 Ganergy Heavy Industry AC VFD Top Drive System Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2018-2023)
2.1.5 Ganergy Heavy Industry Recent Developments/Updates
2.2 ZPEC
2.2.1 ZPEC Details
2.2.2 ZPEC Major Business
2.2.3 ZPEC AC VFD Top Drive System Product and Services
2.2.4 ZPEC AC VFD Top Drive System Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2018-2023)
2.2.5 ZPEC Recent Developments/Updates
2.3 Beijing BOMCO Offshore Engineering Technology
2.3.1 Beijing BOMCO Offshore Engineering Technology Details
2.3.2 Beijing BOMCO Offshore Engineering Technology Major Business
2.3.3 Beijing BOMCO Offshore Engineering Technology AC VFD Top Drive System Product and Services
2.3.4 Beijing BOMCO Offshore Engineering Technology AC VFD Top Drive System Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2018-2023)
2.3.5 Beijing BOMCO Offshore Engineering Technology Recent Developments/Updates
2.4 NOV
2.4.1 NOV Details
2.4.2 NOV Major Business
2.4.3 NOV AC VFD Top Drive System Product and Services
2.4.4 NOV AC VFD Top Drive System Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2018-2023)
2.4.5 NOV Recent Developments/Updates
2.5 Bentec
2.5.1 Bentec Details
2.5.2 Bentec Major Business
2.5.3 Bentec AC VFD Top Drive System Product and Services
2.5.4 Bentec AC VFD Top Drive System Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2018-2023)
2.5.5 Bentec Recent Developments/Updates
2.6 SLB
2.6.1 SLB Details
2.6.2 SLB Major Business
2.6.3 SLB AC VFD Top Drive System Product and Services
2.6.4 SLB AC VFD Top Drive System Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2018-2023)
2.6.5 SLB Recent Developments/Updates
2.7 Drillmec
2.7.1 Drillmec Details
2.7.2 Drillmec Major Business
2.7.3 Drillmec AC VFD Top Drive System Product and Services
2.7.4 Drillmec AC VFD Top Drive System Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2018-2023)
2.7.5 Drillmec Recent Developments/Updates
2.8 TPEC
2.8.1 TPEC Details
2.8.2 TPEC Major Business
2.8.3 TPEC AC VFD Top Drive System Product and Services
2.8.4 TPEC AC VFD Top Drive System Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2018-2023)
2.8.5 TPEC Recent Developments/Updates
2.9 Nabors Industries
2.9.1 Nabors Industries Details
2.9.2 Nabors Industries Major Business
2.9.3 Nabors Industries AC VFD Top Drive System Product and Services
2.9.4 Nabors Industries AC VFD Top Drive System Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2018-2023)
2.9.5 Nabors Industries Recent Developments/Updates
2.10 AXON Energy Services
2.10.1 AXON Energy Services Details
2.10.2 AXON Energy Services Major Business
2.10.3 AXON Energy Services AC VFD Top Drive System Product and Services
2.10.4 AXON Energy Services AC VFD Top Drive System Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2018-2023)
2.10.5 AXON Energy Services Recent Developments/Updates
3 Competitive Environment: AC VFD Top Drive System by Manufacturer
3.1 Global AC VFD Top Drive System Sales Quantity by Manufacturer (2018-2023)
3.2 Global AC VFD Top Drive System Revenue by Manufacturer (2018-2023)
3.3 Global AC VFD Top Drive System Average Price by Manufacturer (2018-2023)
3.4 Market Share Analysis (2022)
3.4.1 Producer Shipments of AC VFD Top Drive System by Manufacturer Revenue ($MM) and Market Share (%): 2022
3.4.2 Top 3 AC VFD Top Drive System Manufacturer Market Share in 2022
3.4.2 Top 6 AC VFD Top Drive System Manufacturer Market Share in 2022
3.5 AC VFD Top Drive System Market: Overall Company Footprint Analysis
3.5.1 AC VFD Top Drive System Market: Region Footprint
3.5.2 AC VFD Top Drive System Market: Company Product Type Footprint
3.5.3 AC VFD Top Drive System Market: Company Product Application Footprint
3.6 New Market Entrants and Barriers to Market Entry
3.7 Mergers, Acquisition, Agreements, and Collaborations
4 Consumption Analysis by Region
4.1 Global AC VFD Top Drive System Market Size by Region
4.1.1 Global AC VFD Top Drive System Sales Quantity by Region (2018-2029)
4.1.2 Global AC VFD Top Drive System Consumption Value by Region (2018-2029)
4.1.3 Global AC VFD Top Drive System Average Price by Region (2018-2029)
4.2 North America AC VFD Top Drive System Consumption Value (2018-2029)
4.3 Europe AC VFD Top Drive System Consumption Value (2018-2029)
4.4 Asia-Pacific AC VFD Top Drive System Consumption Value (2018-2029)
4.5 South America AC VFD Top Drive System Consumption Value (2018-2029)
4.6 Middle East and Africa AC VFD Top Drive System Consumption Value (2018-2029)
5 Market Segment by Type
5.1 Global AC VFD Top Drive System Sales Quantity by Type (2018-2029)
5.2 Global AC VFD Top Drive System Consumption Value by Type (2018-2029)
5.3 Global AC VFD Top Drive System Average Price by Type (2018-2029)
6 Market Segment by Application
6.1 Global AC VFD Top Drive System Sales Quantity by Application (2018-2029)
6.2 Global AC VFD Top Drive System Consumption Value by Application (2018-2029)
6.3 Global AC VFD Top Drive System Average Price by Application (2018-2029)
7 North America
7.1 North America AC VFD Top Drive System Sales Quantity by Type (2018-2029)
7.2 North America AC VFD Top Drive System Sales Quantity by Application (2018-2029)
7.3 North America AC VFD Top Drive System Market Size by Country
7.3.1 North America AC VFD Top Drive System Sales Quantity by Country (2018-2029)
7.3.2 North America AC VFD Top Drive System Consumption Value by Country (2018-2029)
7.3.3 United States Market Size and Forecast (2018-2029)
7.3.4 Canada Market Size and Forecast (2018-2029)
7.3.5 Mexico Market Size and Forecast (2018-2029)
8 Europe
8.1 Europe AC VFD Top Drive System Sales Quantity by Type (2018-2029)
8.2 Europe AC VFD Top Drive System Sales Quantity by Application (2018-2029)
8.3 Europe AC VFD Top Drive System Market Size by Country
8.3.1 Europe AC VFD Top Drive System Sales Quantity by Country (2018-2029)
8.3.2 Europe AC VFD Top Drive System Consumption Value by Country (2018-2029)
8.3.3 Germany Market Size and Forecast (2018-2029)
8.3.4 France Market Size and Forecast (2018-2029)
8.3.5 United Kingdom Market Size and Forecast (2018-2029)
8.3.6 Russia Market Size and Forecast (2018-2029)
8.3.7 Italy Market Size and Forecast (2018-2029)
9 Asia-Pacific
9.1 Asia-Pacific AC VFD Top Drive System Sales Quantity by Type (2018-2029)
9.2 Asia-Pacific AC VFD Top Drive System Sales Quantity by Application (2018-2029)
9.3 Asia-Pacific AC VFD Top Drive System Market Size by Region
9.3.1 Asia-Pacific AC VFD Top Drive System Sales Quantity by Region (2018-2029)
9.3.2 Asia-Pacific AC VFD Top Drive System Consumption Value by Region (2018-2029)
9.3.3 China Market Size and Forecast (2018-2029)
9.3.4 Japan Market Size and Forecast (2018-2029)
9.3.5 Korea Market Size and Forecast (2018-2029)
9.3.6 India Market Size and Forecast (2018-2029)
9.3.7 Southeast Asia Market Size and Forecast (2018-2029)
9.3.8 Australia Market Size and Forecast (2018-2029)
10 South America
10.1 South America AC VFD Top Drive System Sales Quantity by Type (2018-2029)
10.2 South America AC VFD Top Drive System Sales Quantity by Application (2018-2029)
10.3 South America AC VFD Top Drive System Market Size by Country
10.3.1 South America AC VFD Top Drive System Sales Quantity by Country (2018-2029)
10.3.2 South America AC VFD Top Drive System Consumption Value by Country (2018-2029)
10.3.3 Brazil Market Size and Forecast (2018-2029)
10.3.4 Argentina Market Size and Forecast (2018-2029)
11 Middle East & Africa
11.1 Middle East & Africa AC VFD Top Drive System Sales Quantity by Type (2018-2029)
11.2 Middle East & Africa AC VFD Top Drive System Sales Quantity by Application (2018-2029)
11.3 Middle East & Africa AC VFD Top Drive System Market Size by Country
11.3.1 Middle East & Africa AC VFD Top Drive System Sales Quantity by Country (2018-2029)
11.3.2 Middle East & Africa AC VFD Top Drive System Consumption Value by Country (2018-2029)
11.3.3 Turkey Market Size and Forecast (2018-2029)
11.3.4 Egypt Market Size and Forecast (2018-2029)
11.3.5 Saudi Arabia Market Size and Forecast (2018-2029)
11.3.6 South Africa Market Size and Forecast (2018-2029)
12 Market Dynamics
12.1 AC VFD Top Drive System Market Drivers
12.2 AC VFD Top Drive System Market Restraints
12.3 AC VFD Top Drive System Trends Analysis
12.4 Porters Five Forces Analysis
12.4.1 Threat of New Entrants
12.4.2 Bargaining Power of Suppliers
12.4.3 Bargaining Power of Buyers
12.4.4 Threat of Substitutes
12.4.5 Competitive Rivalry
12.5 Influence of COVID-19 and Russia-Ukraine War
12.5.1 Influence of COVID-19
12.5.2 Influence of Russia-Ukraine War
13 Raw Material and Industry Chain
13.1 Raw Material of AC VFD Top Drive System and Key Manufacturers
13.2 Manufacturing Costs Percentage of AC VFD Top Drive System
13.3 AC VFD Top Drive System Production Process
13.4 AC VFD Top Drive System Industrial Chain
14 Shipments by Distribution Channel
14.1 Sales Channel
14.1.1 Direct to End-User
14.1.2 Distributors
14.2 AC VFD Top Drive System Typical Distributors
14.3 AC VFD Top Drive System Typical Customers
15 Research Findings and Conclusion
16 Appendix
16.1 Methodology
16.2 Research Process and Data Source
16.3 Disclaimer
Published By : GlobalInfoResearch
Why ‘The Market Reports’
In Business:
Pre Sales Support:
Post Sales Support:
Turn Around Time:
Clients Served:
Clients Assisted:
Client Types:
Payment:
- Accept global payments [Credit Card / PayPal / Wire Transfer]
- Accept local payments in South Korea, Germany, China and India [Can pay in local currency]
Latest Industrial Market Reports
Payments Accepted From
Connect with us at
Complete Secure Website
