Market Research Report
Global Jack-up Rig Market Report with Potential Impact of COVID-19: 2020 Edition
|Published by||Koncept Analytics||Product code||943734|
|Published||Content info||102 Pages
Delivery time: 1-2 business days
|Global Jack-up Rig Market Report with Potential Impact of COVID-19: 2020 Edition|
|Published: June 19, 2020||Content info: 102 Pages||
The global jack-up rig market volume is expected to reach 578 units in 2024, growing at a CAGR of 1.67% during the period spanning 2020-2024. The growth in the market is supported by factors like rising urban population, increasing GDP per capita and surging global offshore drilling market. The market is predicted to witness certain trends like upsurge in global oil demand and technological advancements in the jack-up rigs. The global jack-up rig market is anticipated to face certain challenges such as depletion of oil reserves and international political & economic instability. In 2020, the global jack-up rig market is expected to be influenced by the emergence of novel coronavirus. The increasing prevalence of COVID-19 would impact the economic growth and prices of crude oil.
The global jack-up rig market by age can be segmented into the following: <10 years, more than 30 years, 10-20 years and 20-30 years. In 2019, the highest share of the market was held by <10 years jack-up rig segment, followed by more than 30 years jack-up rig. The global under construction jack-up rigs volume by region can be segmented as follows: China, Singapore and Middle East. The dominant share of the market was held by China, followed by Singapore and Middle East.
The global jack-up market by supply can be segmented as follows: Middle East, South East Asia, US Gulf of Mexico, North Sea and Latin America. In 2019, the dominant share was held by Middle East, followed by South East Asia.