Top Drive System Market (2017-2022): Analysis By Type, End User, Application & Geography - Research and Markets

DUBLIN--()--The "Top Drive System Market: By Type (Electric, Hydraulic & Others), By Application (Onshore, Offshore, Drillship & others) & Global - Forecast (2017-2022)" report has been added to Research and Markets' offering.

A top drive is a mechanical device which is used on a drilling rig that provides clockwise torque to the drill string to facilitate the course of drilling a borehole. This device can be used as an alternative to rotary table. Used to rotate the drill string during the drilling course, this device is a motor that is suspended from the derrick, or mast, of the rig. These power swivels boast at least 1,000 horsepower that turn a shaft to which the drill string is screwed.

The conditions/ environment of operation of top drive systems are not the same as it was a few decades ago owing to the dynamism of this market. Top drive system market is constantly evolving thus facilitating development of new technologies. Ever-changing technology combined with addition of new product lines are the major drivers for this industry.

Top drive system is a critical component for the O&G industry. Since past decade, the market is experiencing a rapid upsurge in terms of technological advancements, increasing automation in O&G fields, and integrating the entire value chain of the O&G industry. Moreover, huge investment in O&G industries in developing regions has further fueled the top drive system application across the world.

Reducing risk and increasing safety during the drilling process, top drives aids in eliminating most of manual labor activities which was previously required during drilling process. Many times, top drives are totally automated, and offers rotational control and maximum torque. This device also offers control over the weight on the bit.

Companies Mentioned

  • Aker Solutions
  • Cameron International Corporation
  • Honghua Group Limited
  • National Oilwell Varco, Inc.
  • Tesco Corporation
  • Axon Energy Products
  • Canadian Rig Ltd.
  • Triten Corp.
  • ESTec Oilfield Inc.
  • Tianyi Petroleum Equipment Company
  • GDS International, LLC
  • Nabors Industries Ltd.
  • JEREH INTERNATIONAL
  • Bournedrill Pty Ltd
  • Command Drilling Technologies Ltd
  • Petro Rigs, Inc
  • Svenska Kullagerfabriken AB (SKF)

Key Topics Covered:

1. Market Overview

2. Market Landscape

3. Market Forces

4. Strategic Analysis

5. By Types

6. By End-User

7. By Application

8. Top Drive System Market-By Geography

9. Market Entropy

10. Company Profiles

For more information about this report visit https://www.researchandmarkets.com/research/m7zqg7/top_drive_system

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
Related Topics: 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
Related Topics: Oilfield Equipment and Services