DUBLIN--(BUSINESS WIRE)--Research and Markets (http://www.researchandmarkets.com/research/shrnqz/top_drive_systems) has announced the addition of the "Top Drive Systems Market by Type, by Application, & by Geography - Global Trends & Forecasts to 2019" report to their offering.
The global top drive systems market is estimated to reach $1.83 billion by 2019 at a projected CAGR of 7.6% during the forecast period, indicating a high demand in onshore and offshore applications
Top drives are used for facilitating the drilling process of a borehole. They are situated on a drilling rig and provide torque to the drill string, making the drilling process easy. They are used for both onshore and offshore rigs, and can be hydraulic or electric
With the increase in demand for drilling rigs, the top drive systems market will grow as they are directly proportional to the growth of the drilling rigs market.. The key factors driving the top drive systems market include increase in exploration and production activities, technological developments, increasing safety concerns, increasing energy need from emerging economies, and technical and commercial benefits offered by top drives. The rise in the energy demand and the increase in drilling rigs have raised the importance of top drives.
Currently, electric top drive systems represent 89% of the total market value in terms of global top drives, followed by hydraulic at 11%. Among various regions, North America dominates the market.
Scope of the report: This study estimates the global market of top drive systems till 2019. It also offers a detailed qualitative and quantitative analysis of this market. This report provides a comprehensive review of major market drivers, restraints, opportunities, challenges, winning imperatives, and key issues of the market.
Key Topics Covered:
2 Research Methodology
3 Executive Summary
4 Premium Insights
5 Market Overview
6 Industry Trends
7 offshore Drilling Rig Market
8 Top Drive Systems Market, By Type
9 Top Drive Systems Market, By Application
10 Top Drive Systems Market, By Rig Type
11 Top Drive Systems Market, By Geography
12 Competitive Landscape
13 Company Profiles
- Aker Solutions As
- Axon Energy Products
- Bentec Gmbh Drilling & Oilfield Systems
- Cameron International Corporation
- Canrig Drilling Technology Limited
- Daqing Jinghong Petroleum Equipment Corporation
- Honghua Group Limited
- National Oilwell Varco(Nov)
- Panjin Liaohe Oilfield Tianyi Petroleum Equipment Company Limited
- Tesco Corporation
- Warrior Manufacturing Services Limited
For more information visit http://www.researchandmarkets.com/research/shrnqz/top_drive_systems