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Robotic drilling market is expected to grow US$ 946.6 million by 2025 from US$ 619.4 million in 2017NEW YORK, Dec. 13, 2018 /PRNewswire/ -- Robotic drilling market is expected to grow US$ 946.6 million by 2025 from US$ 619.4 million in 2017. The demand for robotic drilling is largely influenced by the increase in global oil demands and surge in need for safer and high-quality drilling system. On the basis of component, hardware accounted for the largest share of the robotic drilling market in 2017 in terms of revenue. All these features of the onshore drilling systems are leading towards the growth of robotic drilling in the onshore application. The implementation of advanced technologies also boosts the onshore robotic drilling system market as several companies are inclined towards the development of novel technologies. The overall robotic drilling market size has been derived using both primary and secondary source.The research process begins with an exhaustive secondary research using internal and external sources to obtain qualitative and quantitative information related to the robotic drilling market. It also provides the overview and forecast for the global robotic drilling market based on all the segmentation provided with respect to five major reasons such as North America, Europe, Asia-Pacific, the Middle East and Africa, and South America.Also, primary interviews were conducted with industry participants and commentators in order to validate data and analysis. The participants who typically take part in such a process include industry expert such as VPs, business development managers, market intelligence managers, and national sales managers, and external consultant such as valuation experts, research analysts and key opinion leaders specializing in the robotic drilling industry. Reasons to Buy Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the global robotic drilling market -Highlights key business priorities in order to assist companies to realign their business strategies -The key findings and recommendations highlight crucial progressive industry trends in the global robotic drilling market, thereby allowing players across the value chain to develop effective long-term strategies -Develop/modify business expansion plans by using substantial growth offering developed and emerging markets -Scrutinize in-depth global market trends and outlook coupled with the factors driving the market, as well as those hindering it -Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing and distribution Read the full report: https://www.reportlinker.com/p05653782 About Reportlinker ReportLinker is an award-winning market research solution. Reportlinker finds and organizes the latest industry data so you get all the market research you need - instantly, in one place. __________________________ Contact Clare: [email protected] US: (339)-368-6001 Intl: +1 339-368-6001 View original content:http://www.prnewswire.com/news-releases/robotic-drilling-market-is-expected-to-grow-us-946-6-million-by-2025-from-us-619-4-million-in-2017--300765242.html SOURCE Reportlinker |