Global Electric Top Drive Systems Markets to 2022: Dominated by Akastor, Honghua America, KCA Deutag, Nabors Industries, National Oilwell Varco, and Schlumberger - ResearchAndMarkets.com

DUBLIN--(BUSINESS WIRE)--The "Global Electric Top Drive Systems Market 2018-2022" report has been added to ResearchAndMarkets.com's offering.

The global electric top drive systems market is expected to grow at a CAGR of 3.04% during the period 2018-2022.

The report has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

The latest trend gaining momentum in the market is the increasing number of upstream oil and gas companies resorting to alternative business strategies such as exploring the use of digital technologies to improve company's overall performance.

According to the report, one of the major drivers for this market is the increase in demand for oil and natural gas. The oil and gas upstream activities are likely to increase considerably in the upcoming years owing continuous decline in the oil and gas prices.

Further, the report states that one of the major factors hindering the growth of this market is the uncertainties associated with low crude oil prices. Any volatility in crude oil prices defines the performance of many of the upstream sector companies. And in the last few years, the trend of low crude oil prices had put pressure on oil and gas service companies.

Market Trends

• Upstream Oil & Gas Companies Resorting to Alternative Business Strategies
• New Oil & Gas Discoveries
• Rising Investments in Shale Industry

Key Vendors

• Akastor
• Honghua America
• KCA Deutag
• Nabors Industries
• National Oilwell Varco
• Schlumberger

Key Topics Covered

1. Executive Summary

2. Scope of the Report

3. Research Methodology

4. Market Landscape

5. Market Sizing

6. Five Forces Analysis

7. Market Segmentation by Application

8. Customer Landscape

9. Regional Landscape

10. Decision Framework

11. Drivers & Challenges

12. Market Trends

13. Vendor Landscape

14. Vendor Analysis

For more information about this report visit https://www.researchandmarkets.com/research/b8pw3c/global_electric?w=4