Top Drive System Market by Type 2021 | IndustryARC
  • 1-614-588-8538 (Ext: 101)
  • US Toll Free

Top Drive System Market
Top Drive System Market: By Type (Electric, Hydraulic & Others), By Application (Onshore, Offshore, Drillship & others) & Global - Forecast to 2021
Report Code : EPR 0006
Published: 05 February, 2016   No. of pages: 159

  • Report Description
  • Table of Contents
  • Customization Options
A top drive is a mechanical device which is used on a drilling rig that provides clockwise torque to the drill string to facilitate the course of drilling a borehole. This device can be used as an alternative to rotary table. Used to rotate the drill string during the drilling course, this device is a motor that is suspended from the derrick, or mast, of the rig. These power swivels boast at least 1,000 horsepower that turn a shaft to which the drill string is screwed.

The conditions/ environment of operation of top drive systems are not the same as it was a few decades ago owing to the dynamism of this market. Top drive system market is constantly evolving thus facilitating development of new technologies. Ever-changing technology combined with addition of new product lines are the major drivers for this industry.

Top drive system is a critical component for the O&G industry. Since past decade, the market is experiencing a rapid upsurge in terms of technological advancements, increasing automation in O&G fields, and integrating the entire value chain of the O&G industry. Moreover, huge investment in O&G industries in developing regions has further fueled the top drive system application across the world.

Reducing risk and increasing safety during the drilling process, top drives aids in eliminating most of manual labor activities which was previously required during drilling process. Many times, top drives are totally automated, and offers rotational control and maximum torque. This device also offers control over the weight on the bit.

The global market for Top drive was estimated to be $xx bn in 2015. The global market for top drive market is estimated to grow at a CAGR of xx% and is forecast to reach $xx bn by 2021. The electric top drive system are forecast to have the highest growth of x% during the forecast period 2016-2021. North America and Asia alone are estimated to occupy a share of more than xx% during 2016-2021.

Top Drive System Market

North America is the leading market for Top Drive with the U.S. leading the charge. Asia region is forecast to have highest growth in the next few years due to growing adoption of top drive system in O&G industry. Asia top drive value market accounts to xx% of the global market for top drives and is the fastest growing market followed by Americas.

Future Development of Top Drive Technology:

If no further changes arise in the downhole technology, the Top Drive Systems will become major method of drilling offshore wells in the future. The onshore drilling industry will adopt this technology and Top Drive machinery will be developed to meet the specific requirements.

Maritime Hydraulics has launched a new Electric PTD (Portable Top Drive). This PTD is available with an alternative electric drive system. A new electric motor has been designed to be used along with the PTD which includes same dimensions as that of standard MH PTD. These new motors provide an effective control of torque and speed over a wide range. The size and weight of these motors is drastically reduces hence making them less bulky. The motors are more robust and rugged with fewer moving parts and are sealed from all environmental impacts.

Top Vendors of the Top Drive System Market are:
  • Aker Solutions
  • Axon Energy Products
  • GDS International, LLC
  • Bournedrill Pty Ltd 
  • Svenska Kullagerfabriken AB (SKF)
1. Top Drive System Market Overview
2. Executive Summary 
3. Top Drive System Market Landscape
   3.1. Market Share Analysis
   3.2. Comparative Analysis
      3.2.1. Product Benchmarking
      3.2.2. End user Profiling
      3.2.3. Top 5 Financials Analysis
4. Top Drive System Market-Forces
   4.1. Market Drivers
   4.2. Market Constraints & Challenges
   4.3. Attractiveness of the Market
      4.3.1. Power of Suppliers
      4.3.2. Threats From New Entrants
      4.3.3. Power of Buyer
      4.3.4. Threat From Substitute Product
      4.3.5. Degree of Competition
5. Top Drive System Market-Strategic Analysis
   5.1. Top drive system Market - Value Chain Analysis
   5.2. Pricing Analysis
   5.3. Opportunity Analysis
   5.4. Product Life Cycle
   5.5. Suppliers and Distributors
6. Top Drive System Market-By Types
   6.1. Introduction
   6.2. Electric Top Drive
      6.2.1. Fixed Electric
      6.2.2. Portable electric
   6.3. Hydraulic Top Drive
      6.3.1. Fixed Hydraulic
      6.3.2. Portable hydraulic
7. Top Drive System Market-By End-User
   7.1. Onshore
   7.2. Offshore
8. Top Drive System Market-By Application
   8.1. Drillship
   8.2. Semisubmersible
   8.3. Jackup Rig
   8.4. Others
9. Top Drive System Market-By Geography
   9.1. Americas
      9.1.1. U.S.
      9.1.2. Canada
      9.1.3. Mexic
      9.1.4. Brazil
      9.1.5. Others
   9.2. Europe
      9.2.1. U.K.
      9.2.2. Germany
      9.2.3. Italy
      9.2.4. Others
   9.3. Asia
      9.3.1. China
      9.3.2. South Korea
      9.3.3. Japan
      9.3.4. India
      9.3.5. Others
   9.4. Rest of The World (ROW)
      9.4.1. Mea
      9.4.2. Oceania
10. Top Drive System Market Market-Entropy
   10.1. New Product Developments
   10.2. Mergers and Acquisitions
11. Company Profiles
   11.1. Aker Solutions
   11.2. Cameron International Corporation
   11.3. Honghua Group Limited
   11.4. National Oilwell Varco, Inc.
   11.5. Tesco Corporation
   11.6. Axon Energy Products
   11.7. Canadian Rig Ltd.
   11.8. Triten Corp.
   11.9. ESTec Oilfield Inc.
   11.10. Tianyi Petroleum Equipment Company
   11.11. GDS International, LLC
   11.12. Nabors Industries Ltd.
   11.14. Bournedrill Pty Ltd
   11.15. Command Drilling Technologies Ltd
   11.16. Petro Rigs, Inc
   11.17. Svenska Kullagerfabriken AB (SKF)
*More than 40 Companies are profiled in this Research Report, Complete List available on Request*
"*Financials would be provided on a best efforts basis for private companies"

12. Appendix
   12.1. List of Abbreviations
   12.2. Sources
   12.3. Research Methodology
   12.4. Expert Insights 
   12.5. Disclaimer
Please select Licence
Single User Licence:
US $4250
Corporate User Licence:
US $6250
Related Reports