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Global Top Drive Drilling System Market 2024 by Manufacturers, Regions, Type and Application, Forecast to 2029
Synopsis
The global Top Drive Drilling 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 usually consists of a main body, an electric drive and control system or a hydraulic drive and control system. It directly rotates the drill pipe from the upper space of the derrick and sends it down along the special guide rail to complete various drilling operations. 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. At present, according to the main transmission system of top drive, there are two types of hydraulic top drive and electric top drive, both of which are used abroad and each has its own advantages; among them, hydraulic top drive is mostly used on small drilling rigs, while electric top drive is mainly used on large drilling rigs or offshore on the rig.
This report is a detailed and comprehensive analysis for global Top Drive Drilling 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 Top Drive Drilling System market size and forecasts, in consumption value ($ Million), sales quantity (Units), and average selling prices (K US$/Unit), 2018-2029
Global Top Drive Drilling System market size and forecasts by region and country, in consumption value ($ Million), sales quantity (Units), and average selling prices (K US$/Unit), 2018-2029
Global Top Drive Drilling System market size and forecasts, by Type and by Application, in consumption value ($ Million), sales quantity (Units), and average selling prices (K US$/Unit), 2018-2029
Global Top Drive Drilling System market shares of main players, shipments in revenue ($ 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 Top Drive Drilling 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 Top Drive Drilling 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
Top Drive Drilling 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
Electric Top Drive Drilling System
Hydraulic Top Drive Drilling System
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 Top Drive Drilling System product scope, market overview, market estimation caveats and base year.
Chapter 2, to profile the top manufacturers of Top Drive Drilling System, with price, sales, revenue and global market share of Top Drive Drilling System from 2018 to 2023.
Chapter 3, the Top Drive Drilling System competitive situation, sales quantity, revenue and global market share of top manufacturers are analyzed emphatically by landscape contrast.
Chapter 4, the Top Drive Drilling 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 Top Drive Drilling 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 Top Drive Drilling System.
Chapter 14 and 15, to describe Top Drive Drilling System sales channel, distributors, customers, research findings and conclusion.
The global Top Drive Drilling 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 usually consists of a main body, an electric drive and control system or a hydraulic drive and control system. It directly rotates the drill pipe from the upper space of the derrick and sends it down along the special guide rail to complete various drilling operations. 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. At present, according to the main transmission system of top drive, there are two types of hydraulic top drive and electric top drive, both of which are used abroad and each has its own advantages; among them, hydraulic top drive is mostly used on small drilling rigs, while electric top drive is mainly used on large drilling rigs or offshore on the rig.
This report is a detailed and comprehensive analysis for global Top Drive Drilling 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 Top Drive Drilling System market size and forecasts, in consumption value ($ Million), sales quantity (Units), and average selling prices (K US$/Unit), 2018-2029
Global Top Drive Drilling System market size and forecasts by region and country, in consumption value ($ Million), sales quantity (Units), and average selling prices (K US$/Unit), 2018-2029
Global Top Drive Drilling System market size and forecasts, by Type and by Application, in consumption value ($ Million), sales quantity (Units), and average selling prices (K US$/Unit), 2018-2029
Global Top Drive Drilling System market shares of main players, shipments in revenue ($ 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 Top Drive Drilling 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 Top Drive Drilling 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
Top Drive Drilling 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
Electric Top Drive Drilling System
Hydraulic Top Drive Drilling System
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 Top Drive Drilling System product scope, market overview, market estimation caveats and base year.
Chapter 2, to profile the top manufacturers of Top Drive Drilling System, with price, sales, revenue and global market share of Top Drive Drilling System from 2018 to 2023.
Chapter 3, the Top Drive Drilling System competitive situation, sales quantity, revenue and global market share of top manufacturers are analyzed emphatically by landscape contrast.
Chapter 4, the Top Drive Drilling 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 Top Drive Drilling 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 Top Drive Drilling System.
Chapter 14 and 15, to describe Top Drive Drilling System sales channel, distributors, customers, research findings and conclusion.
Index1 Market Overview
1.1 Product Overview and Scope of Top Drive Drilling System
1.2 Market Estimation Caveats and Base Year
1.3 Market Analysis by Type
1.3.1 Overview: Global Top Drive Drilling System Consumption Value by Type: 2018 Versus 2022 Versus 2029
1.3.2 Electric Top Drive Drilling System
1.3.3 Hydraulic Top Drive Drilling System
1.4 Market Analysis by Application
1.4.1 Overview: Global Top Drive Drilling System Consumption Value by Application: 2018 Versus 2022 Versus 2029
1.4.2 Onshore Drilling
1.4.3 Offshore Drilling
1.5 Global Top Drive Drilling System Market Size & Forecast
1.5.1 Global Top Drive Drilling System Consumption Value (2018 & 2022 & 2029)
1.5.2 Global Top Drive Drilling System Sales Quantity (2018-2029)
1.5.3 Global Top Drive Drilling 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 Top Drive Drilling System Product and Services
2.1.4 Ganergy Heavy Industry Top Drive Drilling 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 Top Drive Drilling System Product and Services
2.2.4 ZPEC Top Drive Drilling 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 Top Drive Drilling System Product and Services
2.3.4 Beijing BOMCO Offshore Engineering Technology Top Drive Drilling 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 Top Drive Drilling System Product and Services
2.4.4 NOV Top Drive Drilling 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 Top Drive Drilling System Product and Services
2.5.4 Bentec Top Drive Drilling 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 Top Drive Drilling System Product and Services
2.6.4 SLB Top Drive Drilling 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 Top Drive Drilling System Product and Services
2.7.4 Drillmec Top Drive Drilling 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 Top Drive Drilling System Product and Services
2.8.4 TPEC Top Drive Drilling 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 Top Drive Drilling System Product and Services
2.9.4 Nabors Industries Top Drive Drilling 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 Top Drive Drilling System Product and Services
2.10.4 AXON Energy Services Top Drive Drilling 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: Top Drive Drilling System by Manufacturer
3.1 Global Top Drive Drilling System Sales Quantity by Manufacturer (2018-2023)
3.2 Global Top Drive Drilling System Revenue by Manufacturer (2018-2023)
3.3 Global Top Drive Drilling System Average Price by Manufacturer (2018-2023)
3.4 Market Share Analysis (2022)
3.4.1 Producer Shipments of Top Drive Drilling System by Manufacturer Revenue ($MM) and Market Share (%): 2022
3.4.2 Top 3 Top Drive Drilling System Manufacturer Market Share in 2022
3.4.2 Top 6 Top Drive Drilling System Manufacturer Market Share in 2022
3.5 Top Drive Drilling System Market: Overall Company Footprint Analysis
3.5.1 Top Drive Drilling System Market: Region Footprint
3.5.2 Top Drive Drilling System Market: Company Product Type Footprint
3.5.3 Top Drive Drilling 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 Top Drive Drilling System Market Size by Region
4.1.1 Global Top Drive Drilling System Sales Quantity by Region (2018-2029)
4.1.2 Global Top Drive Drilling System Consumption Value by Region (2018-2029)
4.1.3 Global Top Drive Drilling System Average Price by Region (2018-2029)
4.2 North America Top Drive Drilling System Consumption Value (2018-2029)
4.3 Europe Top Drive Drilling System Consumption Value (2018-2029)
4.4 Asia-Pacific Top Drive Drilling System Consumption Value (2018-2029)
4.5 South America Top Drive Drilling System Consumption Value (2018-2029)
4.6 Middle East and Africa Top Drive Drilling System Consumption Value (2018-2029)
5 Market Segment by Type
5.1 Global Top Drive Drilling System Sales Quantity by Type (2018-2029)
5.2 Global Top Drive Drilling System Consumption Value by Type (2018-2029)
5.3 Global Top Drive Drilling System Average Price by Type (2018-2029)
6 Market Segment by Application
6.1 Global Top Drive Drilling System Sales Quantity by Application (2018-2029)
6.2 Global Top Drive Drilling System Consumption Value by Application (2018-2029)
6.3 Global Top Drive Drilling System Average Price by Application (2018-2029)
7 North America
7.1 North America Top Drive Drilling System Sales Quantity by Type (2018-2029)
7.2 North America Top Drive Drilling System Sales Quantity by Application (2018-2029)
7.3 North America Top Drive Drilling System Market Size by Country
7.3.1 North America Top Drive Drilling System Sales Quantity by Country (2018-2029)
7.3.2 North America Top Drive Drilling 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 Top Drive Drilling System Sales Quantity by Type (2018-2029)
8.2 Europe Top Drive Drilling System Sales Quantity by Application (2018-2029)
8.3 Europe Top Drive Drilling System Market Size by Country
8.3.1 Europe Top Drive Drilling System Sales Quantity by Country (2018-2029)
8.3.2 Europe Top Drive Drilling 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 Top Drive Drilling System Sales Quantity by Type (2018-2029)
9.2 Asia-Pacific Top Drive Drilling System Sales Quantity by Application (2018-2029)
9.3 Asia-Pacific Top Drive Drilling System Market Size by Region
9.3.1 Asia-Pacific Top Drive Drilling System Sales Quantity by Region (2018-2029)
9.3.2 Asia-Pacific Top Drive Drilling 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 Top Drive Drilling System Sales Quantity by Type (2018-2029)
10.2 South America Top Drive Drilling System Sales Quantity by Application (2018-2029)
10.3 South America Top Drive Drilling System Market Size by Country
10.3.1 South America Top Drive Drilling System Sales Quantity by Country (2018-2029)
10.3.2 South America Top Drive Drilling 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 Top Drive Drilling System Sales Quantity by Type (2018-2029)
11.2 Middle East & Africa Top Drive Drilling System Sales Quantity by Application (2018-2029)
11.3 Middle East & Africa Top Drive Drilling System Market Size by Country
11.3.1 Middle East & Africa Top Drive Drilling System Sales Quantity by Country (2018-2029)
11.3.2 Middle East & Africa Top Drive Drilling 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 Top Drive Drilling System Market Drivers
12.2 Top Drive Drilling System Market Restraints
12.3 Top Drive Drilling 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 Top Drive Drilling System and Key Manufacturers
13.2 Manufacturing Costs Percentage of Top Drive Drilling System
13.3 Top Drive Drilling System Production Process
13.4 Top Drive Drilling 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 Top Drive Drilling System Typical Distributors
14.3 Top Drive Drilling 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
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