World Top Drive Systems Market Report 2017: Opportunities and Forecast, 2014 - 2022 - Research and Markets

DUBLIN--()--Research and Markets has announced the addition of the "World Top Drive Systems Market - Opportunities and Forecast, 2014 - 2022" report to their offering.

The top drive systems market will gain traction with the rising demand for energy along with the increase in number of drilling rigs. However, development of unconventional oil reserves usually requires a huge investment hampering the growth of market for top drive systems.

Rise in drilling activities in offshore oil & gas reserves offer strong growth opportunities in the top drive systems market. Furthermore, rise in drilling activities across North America is also expected to foster the market growth across the globe. Concerns related to oil spills and their environmental effect are some of the key market challenges.

Furthermore, political imbalance in different nations along with the lack of technological competence of top drive systems are the major challenges to be overcome by key market players to gain strong foothold in the market.

The market for top drive systems is segmented based on types, applications and geography. On the basis of type, the market is segmented into hydraulic and electric. On the basis of applications, the market is segmented into onshore applications and offshore applications. The offshore application market is further sub segmented, based on the vessel type into jackup rigs, drillship, and semisubmersible rigs.

TOP DRIVE SYSTEMS MARKET KEY SEGMENTS:

Top Drive Systems Market By Type

  • Electric Top Drives
  • Hydraulic Top Drives

Top Drive Systems Market By Application

  • Onshore Application

Offshore Top Drive Market - By Vessel Types

  • Jackup Rigs
  • Semisubmersible Rigs
  • Drillships

KEY PLAYERS

  • National Oilwell Varco
  • Canrig Drilling Technology Limited
  • Tesco Corporation
  • Cameron International Corporation
  • Aker Solutions AS
  • Axon Energy Products
  • Bentec GMBH Drilling & Oilfield Systems
  • Daqing Jinghong Petroleum Equipment Corporation
  • Honghua Group Limited
  • Warrior Manufacturing Service Limited

For more information about this report visit http://www.researchandmarkets.com/research/zd9d34/world_top_drive

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Related Topics: Oil and Gas Exploration and Production, Oilfield Equipment and Services

Contacts

Research and Markets
Laura Wood, Senior Manager
press@researchandmarkets.com
For E.S.T Office Hours Call 1-917-300-0470
For U.S./CAN Toll Free Call 1-800-526-8630
For GMT Office Hours Call +353-1-416-8900
U.S. Fax: 646-607-1907
Fax (outside U.S.): +353-1-481-1716
Related Topics: Oil and Gas Exploration and Production, Oilfield Equipment and Services