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Global Land Drilling Rig Market 2021 is expected to register a CAGR of Growing rate%, during forecast period with Impact of Covid 19 Analysis

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Global “Land Drilling Rig Market” Report 2021 (value and volume) by company, regions, product types, end industries, history data and estimate data. Also, Report contains a comprehensive analysis of the important segments like market opportunities, import/export details, market dynamics, key manufacturers, growth rate, and key regions. This report focuses on the Land Drilling Rig in the Global market, especially in the United States, Europe, China, Japan, South Korea, North America, India. Land Drilling Rig Market report categorizes the market based on manufacturers, regions, type, and application. Land Drilling Rig Market reports offer a detailed assessment of the Land Drilling Rig including enabling technologies, current market situation, market assumptions, restraining factors.

The Global Land Drilling Rig market swot is provided for the international markets including progress trends, competitive landscape breakdown, and key in regions development status. Development policies and plans are discussed as well as manufacturing processes and cost structures are also analyzed.

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Land Drilling Rig Market
The year 2017 was a turning point for land drilling rig contractors after setting the record low utilization rate in 2016. Land drilling rig market witnessed remarkable growth in North America. In the US, the onshore rig demand increased by 107% in 2017. While internationally (excluding the US and Canada), 763 rigs were active in 2017, which was 8.5% higher than 2016 level. As we enter 2018, the crude oil price is well above USD 65 per dollar and has even touched USD 80 per barrels, the industry seems more optimistic than in recent times. Oil & gas companies are planning to invest in the projects which were put on hold due to high cost of development.

Increasing Exploitation of Unconventional Reserves
Crude oil & natural gas from conventional resources from has been the major source to meet the increasing demand for energy globally. However, most of the conventional oilfield are aging at a faster rate than the rate of replacement and won’t be able to meet the growing energy demand. Global crude oil discoveries declined by around 73% in 2016 from the average of 9 billion barrels annually over the past 15 years and demand is expected to grow by 1.2 mb/d in the next four years. As a result, several operating companies have shifted their focus towards the exploitation of unconventional reserve. The United States is the largest market for exploitation of unconventional reserves and large share of crude oil & natural gas is produced from it. Apart from the US, Canada, and China have also started to exploit their unconventional reserve to meet their increasing demand. Increasing exploitation of unconventional reserve is expected to create significant demand for drilling rig in the market.

Increasing demand for Portable Rigs
The type of drilling rig required has fundamentally changed in the last few years. Higher-tech rig designs and bigger-horsepower are the new order of the day. These types of rigs have been increasingly favored for horizontal unconventional drilling business. The fleet transformation also includes automation and highly portable rigs which requires two- or three-man crew to do what once require seven or eight rig hands on the floor. Many land rig contractors have upgraded their fleet with higher-horsepower new-builds, adding more powerful rigs with advanced technological capabilities from top drives to automated pipe handling, and the mobility to quickly move from well site to site.

United States Holds the Largest Share in Land Drilling Rig Market
As the crude oil prices has recovered, the country has increased its drilling activity and has the highest number of active rig count currently. In 2017, the active rig count increased by around 39% in 2017. In 2018, the count crossed 1000, resulting in high demand for drilling rig. The robust drilling activity in the country is supported by technological improvement in hydraulic fracturing and low breakeven prices. As a result, the fleet utilization in the country rose to 46% after two years of decline. The increasing share of horizontal drilling in the US has resulted in high demand for high-spec drilling rigs. In addition to receiving new rig orders, some of the large contractors are upgrading their rigs to meet these requirements. As the country drills more well in the coming years, the demand for high-spec drilling rigs is expected to grow.

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The global Land Drilling Rig market covers the vision of participant analysis by product types, market share, applications, sales, and revenue.

Land Drilling Rig Market Report covers the Top Key-players in 2021:-

  • Nabors Industries Ltd. -Helmerich & Payne
  • Inc. -Eurasia Drilling Company Limited -Ensign Energy Services Inc -Precision Drilling Corp. -Patterson-UTI Energy
  • Inc. -Schlumberger Limited -Saipem SpA -Weatherford International plc -KCA Deutag

Highlighted points of Land Drilling Rig Market Size:

  • Covers the varying market dynamics of the industry.
  • In-depth analysis of market risks, opportunities, limitations, and growth of the market.
  • Includes market driving and restraining factors.
  • Participants profiles along with product description, overview, and business data.
  • Include details of five years of forecast analysis by types, regions, and applications.

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This Land Drilling Rig Market Research/analysis Report Contains Answers to your following Questions

  • Which Manufacturing Technology is Used for Land Drilling Rig? What Developments Are Going On in That Technology? Which Trends Are Causing These Developments?
  • Who Are the Global Key Players in This Land Drilling Rig Market? What’s Their Company Profile, Their Product Information, Contact Information?
  • What Was Global Market Status of Land Drilling Rig Market? What Was Capacity, Production Value, Cost and PROFIT of Land Drilling Rig Market?
  • What Is Current Market Status of Land Drilling Rig Industry? What’s Market Competition in This Industry, Both Company, and Country Wise? What’s Market Analysis of Land Drilling Rig Market by Taking Applications and Types in Consideration?
  • What Are Projections of Global Land Drilling Rig Industry Considering Capacity, Production and Production Value? What Will Be the Estimation of Cost and Profit? What Will Be Market Share, Supply and Consumption? What About Import and Export?
  • What Is Land Drilling Rig Market Chain Analysis by Upstream Raw Materials and Downstream Industry?
  • What Is Economic Impact On Land Drilling Rig Industry? What are Global Macroeconomic Environment Analysis Results? What Are Global Macroeconomic Environment Development Trends?
  • What Are Market Dynamics of Land Drilling Rig Market? What Are Challenges and Opportunities?
  • What Should Be Entry Strategies, Countermeasures to Economic Impact, Marketing Channels for Land Drilling Rig Industry?

Key Developments in the Land Drilling Rig Market: in the Industrial Protective Footwear Market
Jun 2018: Night Tech Gear, creators of the first industrial shoe lighting system, has announced Night Shift Shoe Lights. The Night Shift Shoe Lights are the latest addition to the Night Tech Gear product line, designed to help workers identify potential hazards and reduce workplace falls.
Jun 2018: The government of India has asked ministries, departments, public sector units and defence forces to give preference to domestic leather products, as it looks to give a boost to the leather and footwear industry which will create huge impact on prices of leather safety shoes.
Industrial Protective Footwear Market layers
Bata
Honeywell
JAL Group
COFRA
Dunlop Boots
Hewats Edinburgh
Rahman Group
Rock Fall Ltd.
Uvex Safety Group
KARAM
Zain International
SIMON
Reasons to Purchase Industrial Protective Footwear Market Report
Analyzing outlook of the market with the recent trends and Porter’s five forces analysis
Market dynamics, which essentially consider the factors, which are impelling the present market scenario, along with growth opportunities of the market in the years to come
Market segmentation analysis including qualitative and quantitative research incorporating the impact of economic and non-economic aspects
Regional and country level analysis integrating the demand and supply forces that are influencing the growth of the market
Competitive landscape involving the market share of m

Reasons to Purchase Land Drilling Rig Market ReportCurrent and future land drilling rig market outlook in the developed and emerging marketsAnalyzing various perspectives of the market with the help of Porter’s five forces analysisThe segment that is expected to dominate the marketRegions that are expected to witness fastest growth during the forecast periodIdentify the latest developments, and strategies employed by the major market players.3 months analyst support along with the Market Estimate sheet (in excel).

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Finally, the report Global Land Drilling Rig Market 2021 describes the Land Drilling Rig industry expansion game plan, the Land Drilling Rig industry knowledge supply, appendix, analysis findings, and the conclusion.

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