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Global Deepwater and Ultra-Deepwater Drilling Market Size: By Application: Deepwater Drilling, Ultra-Deepwater Drilling, Others; Regional Analysis; Market Dynamics: SWOT Analysis, Porter’s Five Forces Analysis, Key Indicators for Demand, Key Indicators for Price; Competitive Landscape; Key Trends and Developments in the Market; 2024-2032
Global Deepwater and Ultra-Deepwater Drilling Market Outlook
In the forecast period of 2024-2032, the global deepwater and ultra-deepwater drilling market is expected to grow at a CAGR of 9%.
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Due to the growing population, the emphasis on exploiting untapped resources has increased to meet the rising demand for energy. As a result, the oil and gas industry is making a lot of technological advancements, which is aiding the growth of the market.
Market Segmentation
The deepwater and ultra-deepwater drilling market can be divided on the basis of application into:
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- Deepwater Drilling
- Ultra-Deepwater Drilling
- Others
The EMR report looks into the regional deepwater and ultra-deepwater drilling markets like North America, Latin America, Europe, the Middle East and Africa, and the Asia Pacific regions.
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Market Analysis
Various government initiatives focus on enhancing energy security and increasing the production of oil and gas by inviting foreign investment and promoting business policies. In the recent years, the rising crude oil prices have enhanced vendor growth potential in the drilling industry for deepwater and ultra-deepwater. As a result, investments in deepwater and ultra-deepwater drilling to increase the production of oil and gas would drive the exploration and production (E&P) operations. During the forecast period, these factors would drive the deepwater and ultra-deepwater drilling market growth. The advancements in offshore pressure control technology is one of the world's leading developments in the exploration industry for deepwater and ultra-deepwater that will fuel the industry growth in the coming years.
Competitive Landscape
The report presents a detailed analysis of the following key players in the global deepwater and ultra-deepwater drilling market, looking into their capacity, market shares, and latest developments like capacity expansions, plant turnarounds, and mergers and acquisitions:
- Diamond Offshore Drilling Inc.
- Ensco Rowan Plc
- Halliburton Co. (NYSE: HAL)
- Saipem Spa
- Schlumberger Ltd.
- Transocean Ltd.
- Others
The EMR report gives an in-depth insight into the industry by providing a SWOT analysis as well as an analysis of Porter's Five Forces model.
Key Highlights of the Report
| REPORT FEATURES | DETAILS |
| Base Year | 2023 |
| Historical Period | 2018-2023 |
| Forecast Period | 2024-2032 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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| Breakup by Application |
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| Breakup by Region |
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| Market Dynamics |
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| Competitive Landscape |
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| Companies Covered |
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| Report Price and Purchase Option | Explore our purchase options that are best suited to your resources and industry needs. |
| Delivery Format | Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option. |
*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.
1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Market Snapshot
6.1 Global
6.2 Regional
7 Opportunities and Challenges in the Market
8 Global Deepwater and Ultra-Deepwater Drilling Market Analysis
8.1 Key Industry Highlights
8.2 Global Deepwater and Ultra-Deepwater Drilling Historical Market (2018-2023)
8.3 Global Deepwater and Ultra-Deepwater Drilling Market Forecast (2024-2032)
8.4 Global Deepwater and Ultra-Deepwater Drilling Market by Application
8.4.1 Deepwater Drilling
8.4.1.1 Historical Trend (2018-2023)
8.4.1.2 Forecast Trend (2024-2032)
8.4.2 Ultra-Deepwater Drilling
8.4.2.1 Historical Trend (2018-2023)
8.4.2.2 Forecast Trend (2024-2032)
8.4.3 Others
8.5 Global Deepwater and Ultra-Deepwater Drilling Market by Region
8.5.1 North America
8.5.1.1 Historical Trend (2018-2023)
8.5.1.2 Forecast Trend (2024-2032)
8.5.2 Europe
8.5.2.1 Historical Trend (2018-2023)
8.5.2.2 Forecast Trend (2024-2032)
8.5.3 Asia Pacific
8.5.3.1 Historical Trend (2018-2023)
8.5.3.2 Forecast Trend (2024-2032)
8.5.4 Latin America
8.5.4.1 Historical Trend (2018-2023)
8.5.4.2 Forecast Trend (2024-2032)
8.5.5 Middle East and Africa
8.5.5.1 Historical Trend (2018-2023)
8.5.5.2 Forecast Trend (2024-2032)
9 North America Deepwater and Ultra-Deepwater Drilling Market Analysis
9.1 United States of America
9.1.1 Historical Trend (2018-2023)
9.1.2 Forecast Trend (2024-2032)
9.2 Canada
9.2.1 Historical Trend (2018-2023)
9.2.2 Forecast Trend (2024-2032)
10 Europe Deepwater and Ultra-Deepwater Drilling Market Analysis
10.1 United Kingdom
10.1.1 Historical Trend (2018-2023)
10.1.2 Forecast Trend (2024-2032)
10.2 Germany
10.2.1 Historical Trend (2018-2023)
10.2.2 Forecast Trend (2024-2032)
10.3 France
10.3.1 Historical Trend (2018-2023)
10.3.2 Forecast Trend (2024-2032)
10.4 Italy
10.4.1 Historical Trend (2018-2023)
10.4.2 Forecast Trend (2024-2032)
10.5 Others
11 Asia Pacific Deepwater and Ultra-Deepwater Drilling Market Analysis
11.1 China
11.1.1 Historical Trend (2018-2023)
11.1.2 Forecast Trend (2024-2032)
11.2 Japan
11.2.1 Historical Trend (2018-2023)
11.2.2 Forecast Trend (2024-2032)
11.3 India
11.3.1 Historical Trend (2018-2023)
11.3.2 Forecast Trend (2024-2032)
11.4 ASEAN
11.4.1 Historical Trend (2018-2023)
11.4.2 Forecast Trend (2024-2032)
11.5 Australia
11.5.1 Historical Trend (2018-2023)
11.5.2 Forecast Trend (2024-2032)
11.6 Others
12 Latin America Deepwater and Ultra-Deepwater Drilling Market Analysis
12.1 Brazil
12.1.1 Historical Trend (2018-2023)
12.1.2 Forecast Trend (2024-2032)
12.2 Argentina
12.2.1 Historical Trend (2018-2023)
12.2.2 Forecast Trend (2024-2032)
12.3 Mexico
12.3.1 Historical Trend (2018-2023)
12.3.2 Forecast Trend (2024-2032)
12.4 Others
13 Middle East and Africa Deepwater and Ultra-Deepwater Drilling Market Analysis
13.1 Saudi Arabia
13.1.1 Historical Trend (2018-2023)
13.1.2 Forecast Trend (2024-2032)
13.2 United Arab Emirates
13.2.1 Historical Trend (2018-2023)
13.2.2 Forecast Trend (2024-2032)
13.3 Nigeria
13.3.1 Historical Trend (2018-2023)
13.3.2 Forecast Trend (2024-2032)
13.4 South Africa
13.4.1 Historical Trend (2018-2023)
13.4.2 Forecast Trend (2024-2032)
13.5 Others
14 Market Dynamics
14.1 SWOT Analysis
14.1.1 Strengths
14.1.2 Weaknesses
14.1.3 Opportunities
14.1.4 Threats
14.2 Porter’s Five Forces Analysis
14.2.1 Supplier’s Power
14.2.2 Buyer’s Power
14.2.3 Threat of New Entrants
14.2.4 Degree of Rivalry
14.2.5 Threat of Substitutes
14.3 Key Indicators for Demand
14.4 Key Indicators for Price
15 Value Chain Analysis
16 Competitive Landscape
16.1 Market Structure
16.2 Company Profiles
16.2.1 Diamond Offshore Drilling, Inc.
16.2.1.1 Company Overview
16.2.1.2 Product Portfolio
16.2.1.3 Demographic Reach and Achievements
16.2.1.4 Certifications
16.2.2 Valaris Limited
16.2.2.1 Company Overview
16.2.2.2 Product Portfolio
16.2.2.3 Demographic Reach and Achievements
16.2.2.4 Certifications
16.2.3 Saipem S.p.A.
16.2.3.1 Company Overview
16.2.3.2 Product Portfolio
16.2.3.3 Demographic Reach and Achievements
16.2.3.4 Certifications
16.2.4 Schlumberger Limited
16.2.4.1 Company Overview
16.2.4.2 Product Portfolio
16.2.4.3 Demographic Reach and Achievements
16.2.4.4 Certifications
16.2.5 Transocean Ltd.
16.2.5.1 Company Overview
16.2.5.2 Product Portfolio
16.2.5.3 Demographic Reach and Achievements
16.2.5.4 Certifications
16.2.6 Nabors Industries Ltd.
16.2.6.1 Company Overview
16.2.6.2 Product Portfolio
16.2.6.3 Demographic Reach and Achievements
16.2.6.4 Certifications
16.2.7 Seadrill Limited
16.2.7.1 Company Overview
16.2.7.2 Product Portfolio
16.2.7.3 Demographic Reach and Achievements
16.2.7.4 Certifications
16.2.8 Others
17 Key Trends and Developments in the Market
List of Key Figures and Tables
1. Global Deepwater and Ultra-Deepwater Drilling Market: Key Industry Highlights, 2017 and 2021
2. Global Deepwater and Ultra-Deepwater Drilling Historical Market: Breakup by Application (USD Million), 2018-2023
3. Global Deepwater and Ultra-Deepwater Drilling Market Forecast: Breakup by Application (USD Million), 2024-2032
4. Global Deepwater and Ultra-Deepwater Drilling Historical Market: Breakup by Region (USD Million), 2018-2023
5. Global Deepwater and Ultra-Deepwater Drilling Market Forecast: Breakup by Region (USD Million), 2024-2032
6. North America Deepwater and Ultra-Deepwater Drilling Historical Market: Breakup by Country (USD Million), 2018-2023
7. North America Deepwater and Ultra-Deepwater Drilling Market Forecast: Breakup by Country (USD Million), 2024-2032
8. Europe Deepwater and Ultra-Deepwater Drilling Historical Market: Breakup by Country (USD Million), 2018-2023
9. Europe Deepwater and Ultra-Deepwater Drilling Market Forecast: Breakup by Country (USD Million), 2024-2032
10. Asia Pacific Deepwater and Ultra-Deepwater Drilling Historical Market: Breakup by Country (USD Million), 2018-2023
11. Asia Pacific Deepwater and Ultra-Deepwater Drilling Market Forecast: Breakup by Country (USD Million), 2024-2032
12. Latin America Deepwater and Ultra-Deepwater Drilling Historical Market: Breakup by Country (USD Million), 2018-2023
13. Latin America Deepwater and Ultra-Deepwater Drilling Market Forecast: Breakup by Country (USD Million), 2024-2032
14. Middle East and Africa Deepwater and Ultra-Deepwater Drilling Historical Market: Breakup by Country (USD Million), 2018-2023
15. Middle East and Africa Deepwater and Ultra-Deepwater Drilling Market Forecast: Breakup by Country (USD Million), 2024-2032
16. Global Deepwater and Ultra-Deepwater Drilling Market Structure
Key Questions Answered in the Report
The global deepwater and ultra-deepwater drilling market is projected to grow at a CAGR of 9% between 2024 and 2032.
The major driving factor of the market are the growing demand for energy, growing population, rising crude oil prices, advancements in offshore pressure control technology, technological advancements, and increasing investments.
Key drivers of the industry are various government initiatives to encourage foreign investment and increasing the production of oil and gas.
The major regions in the industry are North America, Europe, Asia Pacific, Latin America, and Middle East and Africa.
Deepwater drilling and ultra-deepwater drilling, among others are the major applications of the market.
The major players in the industry are Diamond Offshore Drilling Inc. (FRA: DO1), Ensco Rowan Plc (FRA: E65F), Halliburton Co. (NYSE: HAL), Saipem Spa (FRA: SPE1), Schlumberger Ltd. (FRA: SCL), and Transocean Ltd. (NYSE: RIG), among others.
Analyst Review
The global deepwater and ultra-deepwater drilling market is being driven by the growing demand for energy due to the growing population in the historical priod. Aided by the advancements in offshore pressure management technology and various government initiatives, the market is expected to witness a further growth in the forecast period of 2024-2032, growing at a CAGR of 9%.
EMR’s meticulous research methodology delves deep into the market, covering the macro and micro aspects of the industry. Based on its applications, the global deepwater and ultra-deepwater drilling industry can be segmented into deepwater drilling and ultra-deepwater drilling, among others. The major regional markets for the global deepwater and ultra-deepwater drilling are North America, Europe, Asia Pacific, Latin America, and Middle East and Africa. The key players in the above market include Diamond Offshore Drilling Inc. (FRA: DO1), Ensco Rowan Plc (FRA: E65F), Halliburton Co. (NYSE: HAL), Saipem Spa (FRA: SPE1), Schlumberger Ltd. (FRA: SCL), and Transocean Ltd. (NYSE: RIG), among others.
EMR’s research methodology uses a combination of cutting-edge analytical tools and the expertise of their highly accomplished team, thus, providing their customers with market insights that are accurate, actionable, and help them remain ahead of their competition.
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