Middle East & Africa Robotic Drilling Market Size & Outlook
The robotic drilling market in Middle East & Africa is expected to reach a projected revenue of US$ 292.1 million by 2030. A compound annual growth rate of 7.1% is expected of Middle East & Africa robotic drilling market from 2024 to 2030.
Revenue, 2023 (US$M)
$180.9
Forecast, 2030 (US$M)
$292.1
CAGR, 2024 - 2030
7.1%
Report Coverage
Middle East & Africa
Middle East & Africa robotic drilling market, 2018-2030 (US$M)
MEA robotic drilling market highlights
- The MEA robotic drilling market generated a revenue of USD 180.9 million in 2023.
- The market is expected to grow at a CAGR of 7.1% from 2024 to 2030.
- In terms of segment, onshore was the largest revenue generating application in 2023.
- Onshore is the most lucrative application segment registering the fastest growth during the forecast period.
MEA data book summary
| Market revenue in 2023 | USD 180.9 million |
| Market revenue in 2030 | USD 292.1 million |
| Growth rate | 7.1% (CAGR from 2023 to 2030) |
| Largest segment | Onshore |
| Fastest growing segment | Onshore |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Onshore |
| Key market players worldwide | Nabors Industries Ltd, Precision Drilling Corp, Weatherford International PLC Ordinary Shares - New, NOV Inc, Ensign Energy Services Inc |
Other key industry trends
- In terms of revenue, MEA region accounted for 19.4% of the global robotic drilling market in 2023.
- Globally, North America is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 384.0 million by 2030.
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Robotic Drilling Market Scope
Robotic drilling market segmentation & scope
Installation
Retrofit
New Builds
Component
Hardware
Software
Countries
U.S.
Canada
Mexico
UK
Germany
France
Italy
Spain
China
India
Japan
South Korea
Australia
Brazil
Argentina
Saudi Arabia
South Africa
UAE
Robotic Drilling Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
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Related regional statistics
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