New York, Nov. 26, 2021 (GLOBE NEWSWIRE) -- Reportlinker.com announces the release of the report "Land Drill Rigs Market Report 2021-2031" - https://www.reportlinker.com/p06186245/?utm_source=GNW
The Land Drill Rigs Market Report 2021-2031: This report will prove invaluable to leading firms striving for new revenue pockets if they wish to better understand the industry and its underlying dynamics. It will be useful for companies that would like to expand into different industries or to expand their existing operations in a new region.
The Development of Green and Renewable Alternatives as Well as The Rising Demand for Oil
Onshore drilling is one of the primary forms of oil extraction to supply the rising demand for petroleum in Asia, Europe, and the Middle East. The global use of oil is approximately 35 billion barrels per year, which equates to nearly 100 million barrels per day. Saudi Arabia, the United States, Iran, and China are the primary oil producing countries, as well as the world’s top oil exporters. Although the development of green and renewable alternatives, rising demand for oil is likely to continue during the forecast period. Although site is still a major consideration when it comes to onshore drilling, advances in drilling technology have contributed to the rising demand for onshore oil production.
Fast Mobility and Automated Pipe Handling Are in High Demand Along with Land Drill
Rising demand for fossil fuels and onshore exploration, followed by crude oil extraction activities, have a direct impact on the demand for land rigs. Because onshore or land rigs have a shorter life expectancy than offshore rigs, and because automation technology is always improving, there is a great demand for new land rigs, which are roughly 13 times less expensive to set up than an offshore site. A land drilling rig’s operational costs account for almost 12% of the total cost of the rig; capital and maintenance costs account for nearly 18% of the total cost of the rig; and personnel and workforce costs account for nearly 20% of the total cost of the rig. Furthermore, with efficient pad drilling, a smaller number of rigs can meet the demand for a larger number of wells. The majority of active land drilling rigs operate on a day-to-day basis, resulting in low costs for rig operators, minimal risk for contractors, and strong price competitiveness.
What Are These Questions You Should Ask Before Buying A Market Research Report?
• How is the land drill rigs market evolving?
• What is driving and restraining the land drill rigs market?
• How will each land drill rigs submarket segment grow over the forecast period and how much revenue will these submarkets account for in 2031?
• How will the market shares for each land drill rigs submarket develop from 2021 to 2031?
• What will be the main driver for the overall market from 2021 to 2031?
• Will leading land drill rigs markets broadly follow the macroeconomic dynamics, or will individual national markets outperform others?
• How will the market shares of the national markets change by 2031 and which geographical region will lead the market in 2031?
• Who are the leading players and what are their prospects over the forecast period?
• What are the land drill rigs projects for these leading companies?
• How will the industry evolve during the period between 2020 and 2031?
• What are the implication of land drill rigs projects taking place now and over the next 10 years?
• Is there a greater need for product commercialisation to further scale the land drill rigs market?
• Where is the land drill rigs market heading? And how can you ensure you are at the forefront of the market?
• What can be the best investment options for new product and service lines?
• What are the key prospects for moving companies into a new growth path? C-suite?
You need to discover how this will impact the land drill rigs market today, and over the next 10 years:
• Our 644-page report provides 555 tables and 537 charts/graphs exclusively to you.
• The report highlights key lucrative areas in the industry so you can target them – NOW.
• Contains in-depth analyse of global, regional and national sales and growth
• Highlights for you the key successful trends, changes and revenue projections made by your competitors
This report tells you TODAY how the land drill rigs market will develop in the next 10 years, and in-line with the variations in COVID-19 economic recession and bounce. This market is more critical now than at any point over the last 10 years.
Forecasts to 2031 and other analyses reveal the commercial prospects
• In addition to revenue forecasting to 2031, our new study provides you with recent results, growth rates, and market shares.
• You find original analyses, with business outlooks and developments.
• Discover qualitative analyses (including market dynamics, drivers, opportunities, restraints and challenges), cost structure, impact of rising land drill rigs prices and recent developments.
This report includes data analysis and invaluable insight into how COVID-19 will affect the industry and your company. Four COVID-19 recovery patterns and their impact, namely, V, L, W and U are discussed in this report.
Global Land Drill Rigs Market (COVID Impact Analysis)
• Market Value (USD Million)
• Market Volume (Number of Rigs)
Global Land Drill Rigs Market (COVID Impact Analysis) by Type
• Mobile Rig
• Conventional Rig
Global Land Drill Rigs Market (COVID Impact Analysis) by Power Type
• Less than 1500 hp
• 1500 hp to 2500 hp
• More than 2500 hp
Global Land Drill Rigs Market (COVID Impact Analysis) by Contract Type
• Day Rate Contracts
• Footage Contracts
• Turnkey Contracts
• Other Contract Type
Global Land Drill Rigs Market (COVID Impact Analysis) by Well Type
• Original Drill
• Workover
Global Land Drill Rigs Market (COVID Impact Analysis) by Well Class
• Oil Wells
• Gas Wells
• Coalbed Methane Wells
• Other Well Class
In addition to the revenue predictions for the overall world market and segments, you will also find revenue forecasts for 4 regional and 20 leading national markets:
• North America Land Drill Rigs Market, 2021 to 2031 Market Outlook
• U.S. Land Drill Rigs Market, 2021 to 2031 Market Forecast & COVID Impact Analysis
• Canada Land Drill Rigs Market, 2021 to 2031 Market Forecast & COVID Impact Analysis
• Mexico Land Drill Rigs Market, 2021 to 2031 Market Forecast & COVID Impact Analysis
• Europe Land Drill Rigs Market, 2021 to 2031 Market Outlook
• Germany Land Drill Rigs Market, 2021 to 2031 Market Forecast & COVID Impact Analysis
• Russia Land Drill Rigs Market, 2021 to 2031 Market Forecast & COVID Impact Analysis
• United Kingdom Land Drill Rigs Market, 2021 to 2031 Market Forecast & COVID Impact Analysis
• Ukraine Land Drill Rigs Market, 2021 to 2031 Market Forecast & COVID Impact Analysis
• Romania Land Drill Rigs Market, 2021 to 2031 Market Forecast & COVID Impact Analysis
• Rest of Europe Market Forecast & COVID Impact Analysis
• Asia Pacific Land Drill Rigs Market, 2021 to 2031 Market Outlook
• China Land Drill Rigs Market, 2021 to 2031 Market Forecast & COVID Impact Analysis
• Indonesia Land Drill Rigs Market, 2021 to 2031 Market Forecast & COVID Impact Analysis
• India Land Drill Rigs Market, 2021 to 2031 Market Forecast & COVID Impact Analysis
• Australia Land Drill Rigs Market, 2021 to 2031 Market Forecast & COVID Impact Analysis
• Japan Land Drill Rigs Market, 2021 to 2031 Market Forecast & COVID Impact Analysis
• Rest of Asia Pacific Market Forecast & COVID Impact Analysis
• LAMEA Land Drill Rigs Market, 2021 to 2031 Market Outlook
• Brazil Land Drill Rigs Market, 2021 to 2031 Market Forecast & COVID Impact Analysis
• Turkey Land Drill Rigs Market, 2021 to 2031 Market Forecast & COVID Impact Analysis
• Saudi Arabia Land Drill Rigs Market, 2021 to 2031 Market Forecast & COVID Impact Analysis
• Oman Land Drill Rigs Market, 2021 to 2031 Market Forecast & COVID Impact Analysis
• UAE Land Drill Rigs Market, 2021 to 2031 Market Forecast & COVID Impact Analysis
• Iraq Land Drill Rigs Market, 2021 to 2031 Market Forecast & COVID Impact Analysis
• Algeria Land Drill Rigs Market, 2021 to 2031 Market Forecast & COVID Impact Analysis
• Argentina Land Drill Rigs Market, 2021 to 2031 Market Forecast & COVID Impact Analysis
• Libya Land Drill Rigs Market, 2021 to 2031 Market Forecast & COVID Impact Analysis
• Egypt Land Drill Rigs Market, 2021 to 2031 Market Forecast & COVID Impact Analysis
• Rest of Latin America, Middle East and Africa Market 2021 to 2031 Market Forecast & COVID Impact Analysis
The report also includes profiles and for some of the leading companies in the Land Drill Rigs Market, 2021 to 2031, with a focus on this segment of these companies’ operations.
Leading companies and the potential for market growth
• Bentec
• Helmerich & Payne, Inc.
• Independence Contract Drilling, Inc.
• KCA Deutag
• KWIPPED
• Lamprell Plc
• MD Cowan, Inc
• Nabors Industries Ltd.
• Nov Inc.
• Parker Drilling.
• Patterson-UTI Energy, Inc.
• Pioneer Energy Services
• Precision Drilling Corporation
• RG PETRO-MACHINERY
• Rig Source, Inc.
• Total Oil Rig Lease Ltd.
• Unit Corporation
• United Rentals, Inc
• Veristic.
• Wintershall DEA
Overall world revenue for Land Drill Rigs Market, 2021 to 2031 in terms of value the market will surpass US$xx million in 2021, our work calculates. We predict strong revenue growth through to 2031. Our work identifies which organizations hold the greatest potential. Discover their capabilities, progress, and commercial prospects, helping you stay ahead.
How the Land Drill Rigs Market, 2021 to 2031 Market report helps you?
In summary, our 640+ page report provides you with the following knowledge:
• Revenue forecasts to 2031 for Land Drill Rigs Market, 2021 to 2031 Market, with forecasts for type, power type, contract type, well type, well class, each forecasted at a global and regional level– discover the industry’s prospects, finding the most lucrative places for investments and revenues
• Revenue forecasts to 2031 for 4 regional and 20 key national markets – See forecasts for the Land Drill Rigs Market, 2021 to 2031 market in North America, Europe, Asia-Pacific and LAMEA. Also forecasted is the market in the US, Canada, Mexico, Brazil, Germany, France, UK, Italy, China, India, Japan, and Australia among other prominent economies.
• Prospects for established firms and those seeking to enter the market– including company profiles for 20 of the major companies involved in the Land Drill Rigs Market, 2021 to 2031 Market.
Read the full report: https://www.reportlinker.com/p06186245/?utm_source=GNW
About Reportlinker
ReportLinker is an award-winning market research solution. Reportlinker finds and organizes the latest industry data so you get all the market research you need - instantly, in one place.
__________________________
