The global top drive market is estimated to reach $1,541.6 Million by 2020, at a projected CAGR of 5%.
Top drive is a device in a drilling rig that provides rotational force to facilitate the oil well drilling process. Previous rotary tables served the same purpose. It is basically an innovative technology that replaces Kelly and the rotary table and can be defined as a hydraulic or electric motor suspended from the mast of a drilling rig. It drives and rotates the drill string and bit, making the drilling process easier.
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A few top players of the industry include National Oilwell Varco (U.S.), Tesco Corporation (U.S.), Canrig Drilling Technology Limited (U.S.), Cameron International Corporation (U.S.), Aker Solutions AS (Norway), Axon Energy Products (U.S.),
On the basis of type: Hydraulic and Electric
On the basis of application: onshore and offshore- jackup, drillship, and semisubmersible
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Scope of the Report
The research study analyzes the global Top Drive Systems industry from 360-degree analysis of the market thoroughly delivering insights into the market for better business decisions, considering multiple aspects some of which are listed below as:
Recent Developments
o Market Overview and growth analysis
o Import and Export Overview
o Volume Analysis
o Current Market Trends and Future Outlook
o Market Opportunistic and Attractive Investment Segment
Geographic Coverage
o North America Market Size and/or Volume
o Latin America Market Size and/or Volume
o Europe Market Size and/or Volume
o Asia-Pacific Market Size and/or Volume
o Rest of the world Market Size and/or Volume
Key Questions Answered by Top Drive Systems Market Report
1. What was the Top Drive Systems Market size in 2018 and 2019; what are the estimated growth trends and market forecast (2021-2027).
- What will be the CAGR of Top Drive Systems Market during the forecast period (2021-2027)?
3. Which segments (product type/applications/end-user) were most attractive for investments in 2018? How these segments are expected to grow during the forecast period (2021-2027).
4. Which manufacturer/vendor/players in the Top Drive Systems Market was the market leader in 2018?
5. Overview on the existing product portfolio, products in the pipeline, and strategic initiatives taken by key vendors in the market.
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