Land Drilling Rigs Market Land Drilling Rigs Market | Page 2

Mechanical, and Compound. The key applications that could be explored in the market include Construction
and Building, Oil and Gas industry and Metal and Mining Industry.
The “Oil and Gas industry” segment led the market in 2017 and will continue to lead in the forecast period. The
land drilling rigs market could be explored based on the sector as Conventional rigs and Mobile rigs. EMEA
accounted for the major share of the market in 2017 and will continue to lead in the forecast period. The factors
that could be attributed to the growth include increasing demand increased its drilling activity and has the
highest number of active rig in the region. EMEA is followed by the North American region owing to strong
drilling activity in the region is supported by technical development in hydraulic fracturing and low breakeven
charges.
Some of the key players that fuel the growth of the land drilling rigs market comprise Helmerich & Payne, Inc.,
Nabors Industries Ltd., Ensign Energy Services Inc, Eurasia Drilling Company Limited, Patterson-UTI Energy, Inc.,
Precision Drilling Corp., Saipem SpA, Schlumberger Limited, KCA Deutag, and Weatherford International Plc. The
leading companies are taking up partnerships, mergers and acquisitions, and joint ventures in order to boost
the inorganic growth of the industry.
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