GLOBAL OIL DRILLING RIG MOTOR MARKET

INTRODUCTION

A building known as an oil drilling rig houses the derrick, pipe, drill bits, and cables needed to extract petroleum from deep into the earth. Land-based or offshore oil drilling rigs are both options for drilling into the ocean floor.

GLOBAL OIL DRILLING RIG MOTOR MARKET SIZE AND FORECAST

The global oil drilling rig motor market accounted for $XX Billion in 2021 and is anticipated to reach $XX Billion by 2030, registering a CAGR of XX% from 2022 to 2030.

RECENT PRODUCT DEVELOPMENT AND INNOVATION

For the operation of drilling rigs, YJ13 and YJ13A motors are built as per GE designs. These motors are designed for oil drilling machines with AC-DC-AC electric drives. They employ cutting-edge worldwide insulation techniques and unique safeguards to prevent the bars from braking.

Their primary attributes are high universality, efficiency, huge torque, wide range constant power speed regulation, free maintenance, and dependability. The YJ13 and YJ13A motor can be utilised as the winch motor, rotary table motor, or slurry pump motor of an oil drilling machine with an AC drive.

The oil and gas industry can use Toshiba's three-phase alternating-current induction motor for applications such as mud pumps, draw-works duties, and fracking. It has forced ventilation.

The drilling sector can choose from a broad variety of motors made by ABB. Each motor is specifically designed to satisfy the needs of on-land and offshore oil and gas drilling applications. The motors are designed to be extremely dependable, small, and affordable.

MARKET DYNAMICS

In order to use two decommissioned oil drilling rigs as these floating spaceports, SpaceX purchased them. They are now receiving upgrades to enable Starship launch operations and have been given the names Phobos and Deimos after the two moons of Mars.

Future floating launch and landing sites for their Starship rocket system have been mentioned by SpaceX for some time. If launched regularly close to inhabited regions, the very heavy lift launch vehicle will have a sizable blast danger zone and cause noise problems.

The launch cadence SpaceX hopes to achieve with Starship, which includes on-orbit refuelling trips for distant space missions and transit from one location to another on Earth, would thus be significantly influenced by sea launch platforms.

Hyzon, a global producer of commercial vehicles powered by hydrogen fuel cells and fuel cells with zero emissions, today signed a joint development agreement (JDA) with Schlumberger, the world's top technology supplier to the global energy sector.

With the same horsepower and footprint requirements as a 1.0 MW diesel generator on a high-spec North American land rig, Hyzon's fuel cells will power an Intelligent Power Management solution that will directly replace the typical 4.0 MW of available diesel generators that currently power an oil and gas drilling rig.

10,000 tonnes of CO2 per year would be removed from the atmosphere by a drilling rig driven entirely by hydrogen fuel cell systems and hydrogen with zero carbon intensity.

COMPANY PROFILE

• ABB 
• AC Motors
• FrontLine
• Drillmec
• BHL International Inc.

THIS REPORT WILL ANSWER FOLLOWING QUESTIONS

1. What is the average cost perglobal oil drilling rig motor marketright now and how will it change in the next 5-6 years?
2. Average cost to set up aglobal oil drilling rig motor marketin the US, Europe and China?
3. How manyglobal oil drilling rig motor marketsare manufactured per annum globally? Who are the sub-component suppliers in different regions?
4. What is happening in the overall public, globally?
5. Cost breakup of aglobal oil drilling rig motor marketand key vendor selection criteria
6. Where is theglobal oil drilling rig motor market manufactured? What is the average margin per equipment?
7. Market share ofglobal oil drilling rig motor marketmanufacturers and their upcoming products
8. The most important plannedglobal oil drilling rig motor marketin next 2 years
9. Details on network of majorglobal oil drilling rig motor marketand pricing plans
10. Cost advantage for OEMs who manufactureglobal oil drilling rig motor marketin-house
11. 5 key predictions for next 5 years inglobal oil drilling rig motor market
12. Average B-2-Bglobal oil drilling rig motor marketprice in all segments
13. Latest trends inglobal oil drilling rig motor market, by every market segment
14. The market size (both volume and value) of the globaloil drilling rig motor marketin 2022-2030 and every year in between?