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Global Oilfield Rotary Table Market to reach USD XXX billion by the end of 2030.

Global Oilfield Rotary Table Market Size study & Forecast, by Type (500 Tons – 1,000 Tons, 1,000 Tons – 1,500 Tons) by Application (Onshore, Off-shore) and Regional Analysis, 2023-2030

Product Code: CMOGI-42695047
Publish Date: 10-06-2023
Page: 200

Global Oilfield Rotary Table Market is valued approximately at USD XXX billion in 2022 and is anticipated to grow with a healthy growth rate of more than XXX% over the forecast period 2023-2030. An oilfield rotary table is a mechanical device used in drilling operations in the oil and gas industry. It is a large turntable that is mounted on the top of the drilling rig and is used to rotate the drill string, which is made up of drill pipes and a drill bit. The rotary table provides the required torque to rotate the drill string and turn the drill bit as it penetrates the earth’s surface. The rotary table is powered by a motor which is usually located on the rig floor. The motor is connected to the rotary table by a series of gears and shafts which transmit the power from the motor to the table. The speed and direction of the rotary table can be controlled by the drilling crew using a control panel located on the rig floor. The key factor driving the market growth is introduction of rig fleet expansion programmed to support upstream growth plans by increasing the crude oil production capacity is expected to fuel the oilfield rotary table market. Also, increasing investment in the exploration and production of unconventional and conventional reserves, along with an increase in drilling rig demand as a result, will drive the market.

The rising oil and gas demand is one of the key factors driving Oilfield Rotary Table market growth. As the demand for oil and gas continues to increase, oil and gas companies are investing in exploration and production activities, which require the use of drilling rigs and rotary tables. According to the International Energy Agency, total oil demand across the globe was 91 million barrels per day in 2020, which climbed to 99.4 million barrels per day in 2022 and is expected to reach 104.1 million barrels per day by 2026. As a result, the rising oil and gas demand is projected to support the market growth. Additionally, growing technological advancement in oilfield rotary table is anticipated to create the lucrative market growth opportunity during the forecast period. However, the high cost associated with drilling activity is anticipated stifles market growth throughout the forecast period of 2023-2030.

The key regions considered for the Global Oilfield Rotary Table Market study includes Asia Pacific, North America, Europe, Latin America, and Middle East & Africa. North America dominated the market in 2022 holding the largest market share owing to the rising investment and the growing number of exploration & production activities of oil & gas companies in the region. Asia Pacific is expected to grow at fastest growth rate during the forecast period, owing to factors such as rapid increase in the petrochemical, chemical, and manufacturing industries in China, South Korea, Japan, India, and South Korea that rely heavily on crude oil and gas. Further anticipated drivers of the market in the region include the stabilization of crude oil prices, a rise in disposable income, shifting demographics, and population growth.

Major market player included in this report are:
Pickett Oilfield
Shaanxi FYPE Rigid Machinery Co., Ltd.
National Oilwell Varco Inc.
Chengdu Zhonghang Machinery Co. Ltd.
CMIC Ocean En-Tech Holding Co. Ltd.
MHWirth AS
RM Holding BV
Schlumberger Ltd
Weatherford International
Bentec GmbH Drilling & Oilfield Systems

Recent Developments in the Market:
Ø NA
Global Oilfield Rotary Table Market Report Scope:
ü Historical Data – 2020 – 2021
ü Base Year for Estimation – 2022
ü Forecast period – 2023-2030
ü Report Coverage – Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
ü Segments Covered – Type, Application, Region
ü Regional Scope – North America; Europe; Asia Pacific; Latin America; Middle East & Africa
ü Customization Scope – Free report customization (equivalent up to 8 analyst’s working hours) with purchase. Addition or alteration to country, regional & segment scope*

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.

The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:

By Type:
500 Tons – 1,000 Tons
1,000 Tons – 1,500 Tons
By Application:
Onshore
Off-shore
By Region:

North America
U.S.
Canada

Europe
UK
Germany
France
Spain
Italy
ROE

Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC

Latin America
Brazil
Mexico

Middle East & Africa
Saudi Arabia
South Africa
Rest of Middle East & Africa

Chapter 1. Executive Summary
1.1. Market Snapshot
1.2. Global & Segmental Market Estimates & Forecasts, 2020-2030 (USD Billion)
1.2.1. Oilfield Rotary Table Market, by region, 2020-2030 (USD Billion)
1.2.2. Oilfield Rotary Table Market, by Type, 2020-2030 (USD Billion)
1.2.3. Oilfield Rotary Table Market, by Application, 2020-2030 (USD Billion)
1.3. Key Trends
1.4. Estimation Methodology
1.5. Research Assumption
Chapter 2. Global Oilfield Rotary Table Market Definition and Scope
2.1. Objective of the Study
2.2. Market Definition & Scope
2.2.1. Industry Evolution
2.2.2. Scope of the Study
2.3. Years Considered for the Study
2.4. Currency Conversion Rates
Chapter 3. Global Oilfield Rotary Table Market Dynamics
3.1. Oilfield Rotary Table Market Impact Analysis (2020-2030)
3.1.1. Market Drivers
3.1.1.1. Increasing investment in the exploration and production of unconventional and conventional reserves
3.1.1.2. Growing oil and gas demand
3.1.2. Market Challenges
3.1.2.1. High cost associated with drilling activity
3.1.3. Market Opportunities
3.1.3.1. Growing technological advancement in oilfield rotary table
Chapter 4. Global Oilfield Rotary Table Market: Industry Analysis
4.1. Porter’s 5 Force Model
4.1.1. Bargaining Power of Suppliers
4.1.2. Bargaining Power of Buyers
4.1.3. Threat of New Entrants
4.1.4. Threat of Substitutes
4.1.5. Competitive Rivalry
4.2. Porter’s 5 Force Impact Analysis
4.3. PEST Analysis
4.3.1. Political
4.3.2. Economic
4.3.3. Social
4.3.4. Technological
4.3.5. Environmental
4.3.6. Legal
4.4. Top investment opportunity
4.5. Top winning strategies
4.6. COVID-19 Impact Analysis
4.7. Disruptive Trends
4.8. Industry Expert Perspective
4.9. Analyst Recommendation & Conclusion
Chapter 5. Global Oilfield Rotary Table Market, by Type
5.1. Market Snapshot
5.2. Global Oilfield Rotary Table Market by Type, Performance – Potential Analysis
5.3. Global Oilfield Rotary Table Market Estimates & Forecasts by Type 2020-2030 (USD Billion)
5.4. Oilfield Rotary Table Market, Sub Segment Analysis
5.4.1. 500 Tons – 1,000 Tons
5.4.2. 1,000 Tons – 1,500 Tons
Chapter 6. Global Oilfield Rotary Table Market, by Application
6.1. Market Snapshot
6.2. Global Oilfield Rotary Table Market by Application, Performance – Potential Analysis
6.3. Global Oilfield Rotary Table Market Estimates & Forecasts by Application 2020-2030 (USD Billion)
6.4. Oilfield Rotary Table Market, Sub Segment Analysis
6.4.1. Onshore
6.4.2. Off-shore
Chapter 7. Global Oilfield Rotary Table Market, Regional Analysis
7.1. Top Leading Countries
7.2. Top Emerging Countries
7.3. Oilfield Rotary Table Market, Regional Market Snapshot
7.4. North America Oilfield Rotary Table Market
7.4.1. U.S. Oilfield Rotary Table Market
7.4.1.1. Type breakdown estimates & forecasts, 2020-2030
7.4.1.2. Application breakdown estimates & forecasts, 2020-2030
7.4.2. Canada Oilfield Rotary Table Market
7.5. Europe Oilfield Rotary Table Market Snapshot
7.5.1. U.K. Oilfield Rotary Table Market
7.5.2. Germany Oilfield Rotary Table Market
7.5.3. France Oilfield Rotary Table Market
7.5.4. Spain Oilfield Rotary Table Market
7.5.5. Italy Oilfield Rotary Table Market
7.5.6. Rest of Europe Oilfield Rotary Table Market
7.6. Asia-Pacific Oilfield Rotary Table Market Snapshot
7.6.1. China Oilfield Rotary Table Market
7.6.2. India Oilfield Rotary Table Market
7.6.3. Japan Oilfield Rotary Table Market
7.6.4. Australia Oilfield Rotary Table Market
7.6.5. South Korea Oilfield Rotary Table Market
7.6.6. Rest of Asia Pacific Oilfield Rotary Table Market
7.7. Latin America Oilfield Rotary Table Market Snapshot
7.7.1. Brazil Oilfield Rotary Table Market
7.7.2. Mexico Oilfield Rotary Table Market
7.8. Middle East & Africa Oilfield Rotary Table Market
7.8.1. Saudi Arabia Oilfield Rotary Table Market
7.8.2. South Africa Oilfield Rotary Table Market
7.8.3. Rest of Middle East & Africa Oilfield Rotary Table Market

Chapter 8. Competitive Intelligence
8.1. Key Company SWOT Analysis
8.1.1. Company 1
8.1.2. Company 2
8.1.3. Company 3
8.2. Top Market Strategies
8.3. Company Profiles
8.3.1. Pickett Oilfield
8.3.1.1. Key Information
8.3.1.2. Overview
8.3.1.3. Financial (Subject to Data Availability)
8.3.1.4. Product Summary
8.3.1.5. Recent Developments
8.3.2. Shaanxi FYPE Rigid Machinery Co., Ltd.
8.3.3. National Oilwell Varco Inc.
8.3.4. Chengdu Zhonghang Machinery Co. Ltd.
8.3.5. CMIC Ocean En-Tech Holding Co. Ltd.
8.3.6. MHWirth AS
8.3.7. RM Holding BV
8.3.8. Schlumberger Ltd
8.3.9. Weatherford International
8.3.10. Bentec GmbH Drilling & Oilfield Systems
Chapter 9. Research Process
9.1. Research Process
9.1.1. Data Mining
9.1.2. Analysis
9.1.3. Market Estimation
9.1.4. Validation
9.1.5. Publishing
9.2. Research Attributes
9.3. Research Assumption

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Market driving trends and favorable economic conditions
Restraints and challenges that are expected to be encountered during the forecast period.
Anticipated opportunities for growth and development
Technological advancements and projected developments in the market
Consumer spending trends and dynamics
Shifts in consumer preferences and behaviors.
The current state of raw materials and trends in supply versus pricing
Regulatory landscape and expected changes or developments.
The existing capacity in the market and any expected additions or expansions up to the end of the forecast period.
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