Top Drive Systems
Market: Overview
Top drive is a mechanical system on a drilling rig that simplifies
drilling of borehole for extraction of petroleum, gases and water.
Top drive systems are used for mineral exploration, underground
storage of unwanted substances, environmental site assessment,
geothermal installation, geotechnical investigation and temperature
measurement for installing underground utilities. Different
components of top drive systems are body (pipe handling system,
slurry circulating passage and power swivel), guide rail and block,
hydraulic drive, electric drive and control system.
Top drive systems are more favorable than traditional Kelly drive
systems as they save time and provide efficiency of drilling
operation. The characteristics that make top drive systems popular
than traditional Kelly systems are safer drilling operation, back
reaming, reduction possibility of stuck pipe incidents and detachable
connections.
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Top Drive Systems
Market: Drivers and Restraints
The major driving factors for global top drive systems market growth
are rise in number of drilling rigs, drilling activities and increase
in exploration activities. The other factors contributing to the
growth of top drive systems market are rise in demand for oil rigs,
increase in energy consumption and emerging technologies for
extraction of natural resources. Moreover, use of top drive systems
for on-shore and off-shore purpose and safety concerns also boosting
the growth of top drive systems market. Its machinery reduces
substantial time of drilling operation making it suitable for broad
adoption in applications such as land drills, ocean drills and
offshore drills.
However, development of unconventional reserves, political issues,
technological incompetence, environmental concerns and oil spills
could restrain the growth of global top drive market.
Top Drive Systems
Market: Segmentation
The global top drive systems market is segmented on the basis of
technology, application, design of vessel and the geography. On the
basis of technology, the global top drive systems market is segmented
as hydraulic top driver systems and electric top driver systems. The
hydraulic top drive systems technology is appropriate for complicated
working conditions as it has the ability to resist sand storm,
pollution and huge temperature variation. The electric top drive
systems are further categorized on the basis of control type into
one-to-one, many-to-one, one-to-many and many-to-many control
methods.
Different applications of global top drive systems market include
onshore and offshore applications. The offshore applications include
ultra-deepwater, deep water and shallow water applications. In terms
of design of vessel the global top drive systems market is segmented
as semi-submersibles, drill ships and jack-up top drive systems.
Moreover, on the basis of geography the global top drive systems
market is segmented into North America, Europe, Middle East and
Africa, Latin America and Asia Pacific.
Top Drive Systems
Market: Key Players
The key players of global top drive systems market are Tesco
Corporation, Warrior Manufacturing Services Ltd, National Oilwell
Varco., China National Petroleum Corporation (CNPC), Cameron
International Corporation, Honghua Group Limited, Aker Solutions AS,
Bentec GMBH Drilling & Oilfield Systems, Axon Energy Products and
Canrig Drilling Technology Limited.
The research report presents a comprehensive assessment of the market
and contains thoughtful insights, facts, historical data, and
statistically supported and industry-validated market data. It also
contains projections using a suitable set of assumptions and
methodologies. The research report provides analysis and information
according to categories such as market segments, geographies, types
and applications.
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