DUBLIN--(BUSINESS WIRE)--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
- 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