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Market Snapshot

CAGR:7.34

2023

2032

Source: Market Expertz

Study Period	2019-2032
Base Year	2023
Forcast Year	2023-2032
CAGR	7.34

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Report Overview

Electric Top Drive System Market Analysis Report 2023-2032:

The Electric Top Drive System Market size is estimated to grow at a CAGR of 6.78% between 2022 and 2032. The market size is forecast to increase by USD 2,543.21 million. The growth of the market depends on several factors, including the increasing demand for efficient drilling operations, rising exploration and production activities in the oil and gas industry, and the growing focus on offshore drilling. An electric top drive system refers to a drilling equipment component that provides rotational power to the drill string during drilling operations. It replaces the traditional rotary table and enables efficient drilling operations by offering precise control over the drilling process. The system includes an electric motor, a gearbox, and other components necessary for the rotation of the drill string. It allows for faster and more accurate drilling, reducing downtime and improving overall drilling efficiency.

Electric Top Drive System Market Overview

Drivers

One of the key factors driving the electric top drive system market growth is the increasing demand for efficient drilling operations. The oil and gas industry is constantly seeking ways to improve drilling efficiency and reduce operational costs. Electric top drive systems offer several advantages over traditional drilling methods, including faster drilling speeds, improved torque control, and reduced maintenance requirements. These systems enable operators to drill deeper and more complex wells, resulting in increased productivity and cost savings. As a result, there is a growing adoption of electric top drive systems in the oil and gas industry, driving market growth.

Moreover, the rising exploration and production activities in the oil and gas industry are also contributing to the market growth. With the increasing global energy demand, there is a need for new oil and gas reserves. This has led to a surge in exploration and production activities, especially in offshore and unconventional fields. Electric top drive systems are well-suited for these challenging drilling environments, as they offer enhanced drilling capabilities and improved safety features. Hence, such factors are expected to drive market growth during the forecast period.

Trends

A key trend shaping the electric top drive system market growth is the integration of advanced automation and control technologies. The oil and gas industry is increasingly adopting automation and control systems to improve drilling efficiency, reduce human errors, and enhance safety. Electric top drive systems are being equipped with advanced sensors, data analytics, and real-time monitoring capabilities, allowing for better control and optimization of drilling operations. These systems can automatically adjust drilling parameters based on real-time data, improving drilling accuracy and reducing the risk of equipment failures. Additionally, the integration of digital technologies, such as artificial intelligence and machine learning, is further enhancing the capabilities of electric top drive systems. Hence, such trends are expected to drive market growth during the forecast period.

Restraints:

One of the key challenges hindering the electric top drive system market growth is the high initial cost of installation. Electric top drive systems are relatively expensive compared to traditional drilling equipment. The cost includes not only the equipment itself but also the installation and integration with existing drilling rigs. This can be a significant barrier for small and medium-sized drilling companies with limited budgets. Additionally, the maintenance and repair costs of electric top drive systems can also be higher compared to traditional drilling methods. However, the long-term benefits, such as improved drilling efficiency and reduced downtime, often outweigh the initial investment. Hence, such factors are expected to hinder market growth during the forecast period.

Electric Top Drive System Market Segmentation By Application

The offshore drilling segment is estimated to witness significant growth during the forecast period. Electric top drive systems are widely used in offshore drilling operations due to their ability to handle the challenging drilling conditions and deepwater environments. Offshore drilling requires precise control over the drilling process, as well as the ability to handle high torque and drilling forces. Electric top drive systems offer superior torque control, faster drilling speeds, and improved safety features, making them ideal for offshore drilling applications. Additionally, the increasing focus on offshore oil and gas exploration and production activities is driving the demand for electric top drive systems in this segment. Hence, such applications are expected to fuel the growth of this segment, which in turn will drive the market growth during the forecast period.

Electric Top Drive System Market Segmentation By Type

The AC electric top drive system segment is expected to dominate the market during the forecast period. AC electric top drive systems offer several advantages over DC systems, including higher power output, improved torque control, and better energy efficiency. These systems are widely used in both onshore and offshore drilling operations due to their ability to handle a wide range of drilling conditions and requirements. Additionally, AC electric top drive systems are compatible with various drilling rigs and can be easily integrated into existing drilling setups. Hence, such factors are expected to fuel the demand for this segment, which in turn will drive the market growth during the forecast period.

Regional Overview

North America is estimated to contribute 38% to the growth of the global market during the forecast period. Technavio’s analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period. The main factor significantly contributing to the growth of the global electric top drive system market in North America is the presence of a well-established oil and gas industry. The region is home to several major oil and gas companies, as well as a large number of drilling contractors and service providers. The increasing exploration and production activities in unconventional oil and gas reserves, such as shale and tight oil, are driving the demand for electric top drive systems in the region. Additionally, the growing focus on offshore drilling in the Gulf of Mexico is further fueling the market growth. Hence, such factors are expected to drive market growth in the region during the forecast period.

In 2020, during the COVID-19 pandemic, the growth of the global electric top drive system market witnessed a significant slowdown due to the decline in oil prices and the temporary suspension of drilling activities. However, with the recovery of oil prices and the resumption of drilling operations, the market is expected to regain momentum. The increasing adoption of electric top drive systems in the oil and gas industry, coupled with the growing focus on sustainable drilling practices, is expected to drive the market during the forecast period.

Electric Top Drive System Market Customer Landscape

The electric top drive system market industry report includes the adoption lifecycle of the market, covering from the innovator’s stage to the laggard’s stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their growth strategies.

Who are the Major Electric Top Drive System Market Companies?

Companies are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market.

ABB Ltd: The company offers electric top drive systems such as ABB ACS880-01 drilling drive, ABB ACS880-07 drilling drive, and ABB ACS880-17 drilling drive.

Bentec GmbH Drilling & Oilfield Systems: The company offers electric top drive systems such as Bentec TDS-11SA top drive system, Bentec TDS-9SA top drive system, and Bentec TDS-8SA top drive system.

Cameron International Corporation: The company offers electric top drive systems such as Cameron EDS-2 electric drilling system, Cameron EDS-3 electric drilling system, and Cameron EDS-4 electric drilling system.

The research report also includes detailed analyses of the competitive landscape of the market and information about 15 market companies, including:

Baker Hughes Co.
Drillmec Inc.
Forum Energy Technologies Inc.
Gardner Denver Holdings Inc.
General Electric Co.
KCA Deutag Ltd.
Nabors Industries Ltd.
National Oilwell Varco Inc.
Parker Drilling Co.
Schlumberger Ltd.
Siemens AG
Weatherford International plc
Yantai Jereh Oilfield Services Group Co. Ltd.
ABB Ltd
Bentec GmbH Drilling & Oilfield Systems

Qualitative and quantitative analysis of companies has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Data is qualitatively analyzed to categorize companies as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize companies as dominant, leading, strong, tentative, and weak.

Segment Overview:

The electric top drive system market report delivers revenue forecasts at global, regional, and country levels, coupled with an analysis of emerging trends and growth prospects from 2019 to 2032.

Application Outlook (USD Million, 2019 - 2032)

Onshore Drilling
Offshore Drilling

Type Outlook (USD Million, 2019 – 2032)

DC Electric Top Drive System
AC Electric Top Drive System

Geography Outlook (USD Million, 2019 - 2032)

North America

The United States
Canada

Europe

United Kingdom
Germany
France
Rest of Europe

Asia-Pacific

China
India

South America

Brazil
Argentina

Middle East & Africa

Saudi Arabia
United Arab Emirates
Rest of Middle East & Africa

Table of Contents

United States Electric Top Drive System Market Report 2017
1 Electric Top Drive System Overview
1.1 Product Overview and Scope of Electric Top Drive System
1.2 Classification of Electric Top Drive System by Product Category
1.2.1 United States Electric Top Drive System Market Size (Sales Volume) Comparison by Type (2012-2022)
1.2.2 United States Electric Top Drive System Market Size (Sales Volume) Market Share by Type (Product Category) in 2016
1.2.3 PLC Control System
1.2.4 Operation Monitoring System
1.2.5 Other
1.3 United States Electric Top Drive System Market by Application/End Users
1.3.1 United States Electric Top Drive System Market Size (Consumption) and Market Share Comparison by Application (2012-2022)
1.3.2 Mining Industry
1.3.3 Oil and Gas
1.3.4 Construction
1.3.5 Other
1.4 United States Electric Top Drive System Market by Region
1.4.1 United States Electric Top Drive System Market Size (Value) Comparison by Region (2012-2022)
1.4.2 The West Electric Top Drive System Status and Prospect (2012-2022)
1.4.3 Southwest Electric Top Drive System Status and Prospect (2012-2022)
1.4.4 The Middle Atlantic Electric Top Drive System Status and Prospect (2012-2022)
1.4.5 New England Electric Top Drive System Status and Prospect (2012-2022)
1.4.6 The South Electric Top Drive System Status and Prospect (2012-2022)
1.4.7 The Midwest Electric Top Drive System Status and Prospect (2012-2022)
1.5 United States Market Size (Value and Volume) of Electric Top Drive System (2012-2022)
1.5.1 United States Electric Top Drive System Sales and Growth Rate (2012-2022)
1.5.2 United States Electric Top Drive System Revenue and Growth Rate (2012-2022)

2 United States Electric Top Drive System Market Competition by Players/Suppliers
2.1 United States Electric Top Drive System Sales and Market Share of Key Players/Suppliers (2012-2017)
2.2 United States Electric Top Drive System Revenue and Share by Players/Suppliers (2012-2017)
2.3 United States Electric Top Drive System Average Price by Players/Suppliers (2012-2017)
2.4 United States Electric Top Drive System Market Competitive Situation and Trends
2.4.1 United States Electric Top Drive System Market Concentration Rate
2.4.2 United States Electric Top Drive System Market Share of Top 3 and Top 5 Players/Suppliers
2.4.3 Mergers & Acquisitions, Expansion in United States Market
2.5 United States Players/Suppliers Electric Top Drive System Manufacturing Base Distribution, Sales Area, Product Type

3 United States Electric Top Drive System Sales (Volume) and Revenue (Value) by Region (2012-2017)
3.1 United States Electric Top Drive System Sales and Market Share by Region (2012-2017)
3.2 United States Electric Top Drive System Revenue and Market Share by Region (2012-2017)
3.3 United States Electric Top Drive System Price by Region (2012-2017)

4 United States Electric Top Drive System Sales (Volume) and Revenue (Value) by Type (Product Category) (2012-2017)
4.1 United States Electric Top Drive System Sales and Market Share by Type (Product Category) (2012-2017)
4.2 United States Electric Top Drive System Revenue and Market Share by Type (2012-2017)
4.3 United States Electric Top Drive System Price by Type (2012-2017)
4.4 United States Electric Top Drive System Sales Growth Rate by Type (2012-2017)

5 United States Electric Top Drive System Sales (Volume) by Application (2012-2017)
5.1 United States Electric Top Drive System Sales and Market Share by Application (2012-2017)
5.2 United States Electric Top Drive System Sales Growth Rate by Application (2012-2017)
5.3 Market Drivers and Opportunities

6 United States Electric Top Drive System Players/Suppliers Profiles and Sales Data
6.1 Aker Solutions
6.1.1 Company Basic Information, Manufacturing Base and Competitors
6.1.2 Electric Top Drive System Product Category, Application and Specification
6.1.2.1 Product A
6.1.2.2 Product B
6.1.3 Aker Solutions Electric Top Drive System Sales, Revenue, Price and Gross Margin (2012-2017)
6.1.4 Main Business/Business Overview
6.2 Cameron International Corporation
6.2.2 Electric Top Drive System Product Category, Application and Specification
6.2.2.1 Product A
6.2.2.2 Product B
6.2.3 Cameron International Corporation Electric Top Drive System Sales, Revenue, Price and Gross Margin (2012-2017)
6.2.4 Main Business/Business Overview
6.3 Honghua Group Limited
6.3.2 Electric Top Drive System Product Category, Application and Specification
6.3.2.1 Product A
6.3.2.2 Product B
6.3.3 Honghua Group Limited Electric Top Drive System Sales, Revenue, Price and Gross Margin (2012-2017)
6.3.4 Main Business/Business Overview
6.4 National Oilwell Varco
6.4.2 Electric Top Drive System Product Category, Application and Specification
6.4.2.1 Product A
6.4.2.2 Product B
6.4.3 National Oilwell Varco Electric Top Drive System Sales, Revenue, Price and Gross Margin (2012-2017)
6.4.4 Main Business/Business Overview
6.5 Tesco Corporation
6.5.2 Electric Top Drive System Product Category, Application and Specification
6.5.2.1 Product A
6.5.2.2 Product B
6.5.3 Tesco Corporation Electric Top Drive System Sales, Revenue, Price and Gross Margin (2012-2017)
6.5.4 Main Business/Business Overview
6.6 Axon Energy Products
6.6.2 Electric Top Drive System Product Category, Application and Specification
6.6.2.1 Product A
6.6.2.2 Product B
6.6.3 Axon Energy Products Electric Top Drive System Sales, Revenue, Price and Gross Margin (2012-2017)
6.6.4 Main Business/Business Overview
6.7 Canadian Rig
6.7.2 Electric Top Drive System Product Category, Application and Specification
6.7.2.1 Product A
6.7.2.2 Product B
6.7.3 Canadian Rig Electric Top Drive System Sales, Revenue, Price and Gross Margin (2012-2017)
6.7.4 Main Business/Business Overview
6.8 Triten Corp.
6.8.2 Electric Top Drive System Product Category, Application and Specification
6.8.2.1 Product A
6.8.2.2 Product B
6.8.3 Triten Corp. Electric Top Drive System Sales, Revenue, Price and Gross Margin (2012-2017)
6.8.4 Main Business/Business Overview
6.9 ESTec Oilfield
6.9.2 Electric Top Drive System Product Category, Application and Specification
6.9.2.1 Product A
6.9.2.2 Product B
6.9.3 ESTec Oilfield Electric Top Drive System Sales, Revenue, Price and Gross Margin (2012-2017)
6.9.4 Main Business/Business Overview
6.10 Tianyi Petroleum Equipment
6.10.2 Electric Top Drive System Product Category, Application and Specification
6.10.2.1 Product A
6.10.2.2 Product B
6.10.3 Tianyi Petroleum Equipment Electric Top Drive System Sales, Revenue, Price and Gross Margin (2012-2017)
6.10.4 Main Business/Business Overview
6.11 GDS International
6.12 Nabors Industries
6.13 Bournedrill Pty
6.14 Command Drilling Technologies
6.15 Petro Rigs
6.16 Svenska Kullagerfabriken

7 Electric Top Drive System Manufacturing Cost Analysis
7.1 Electric Top Drive System Key Raw Materials Analysis
7.1.1 Key Raw Materials
7.1.2 Price Trend of Key Raw Materials
7.1.3 Key Suppliers of Raw Materials
7.1.4 Market Concentration Rate of Raw Materials
7.2 Proportion of Manufacturing Cost Structure
7.2.1 Raw Materials
7.2.2 Labor Cost
7.2.3 Manufacturing Expenses
7.3 Manufacturing Process Analysis of Electric Top Drive System

8 Industrial Chain, Sourcing Strategy and Downstream Buyers
8.1 Electric Top Drive System Industrial Chain Analysis
8.2 Upstream Raw Materials Sourcing
8.3 Raw Materials Sources of Electric Top Drive System Major Manufacturers in 2016
8.4 Downstream Buyers

9 Marketing Strategy Analysis, Distributors/Traders
9.1 Marketing Channel
9.1.1 Direct Marketing
9.1.2 Indirect Marketing
9.1.3 Marketing Channel Development Trend
9.2 Market Positioning
9.2.1 Pricing Strategy
9.2.2 Brand Strategy
9.2.3 Target Client
9.3 Distributors/Traders List

10 Market Effect Factors Analysis
10.1 Technology Progress/Risk
10.1.1 Substitutes Threat
10.1.2 Technology Progress in Related Industry
10.2 Consumer Needs/Customer Preference Change
10.3 Economic/Political Environmental Change

11 United States Electric Top Drive System Market Size (Value and Volume) Forecast (2017-2022)
11.1 United States Electric Top Drive System Sales Volume, Revenue Forecast (2017-2022)
11.2 United States Electric Top Drive System Sales Volume Forecast by Type (2017-2022)
11.3 United States Electric Top Drive System Sales Volume Forecast by Application (2017-2022)
11.4 United States Electric Top Drive System Sales Volume Forecast by Region (2017-2022)

12 Research Findings and Conclusion

13 Appendix
13.1 Methodology/Research Approach
13.1.1 Research Programs/Design
13.1.2 Market Size Estimation
13.1.3 Market Breakdown and Data Triangulation
13.2 Data Source
13.2.1 Secondary Sources
13.2.2 Primary Sources
13.3 Disclaimer

List of Tables and Figures

Figure Product Picture of Electric Top Drive System
Figure United States Electric Top Drive System Market Size (K Units) by Type (2012-2022)
Figure United States Electric Top Drive System Sales Volume Market Share by Type (Product Category) in 2016
Figure PLC Control System Product Picture
Figure Operation Monitoring System Product Picture
Figure Other Product Picture
Figure United States Electric Top Drive System Market Size (K Units) by Application (2012-2022)
Figure United States Sales Market Share of Electric Top Drive System by Application in 2016
Figure Mining Industry Examples
Table Key Downstream Customer in Mining Industry
Figure Oil and Gas Examples
Table Key Downstream Customer in Oil and Gas
Figure Construction Examples
Table Key Downstream Customer in Construction
Figure Other Examples
Table Key Downstream Customer in Other
Figure United States Electric Top Drive System Market Size (Million USD) by Region (2012-2022)
Figure The West Electric Top Drive System Revenue (Million USD) and Growth Rate (2012-2022)
Figure Southwest Electric Top Drive System Revenue (Million USD) and Growth Rate (2012-2022)
Figure The Middle Atlantic Electric Top Drive System Revenue (Million USD) and Growth Rate (2012-2022)
Figure New England Electric Top Drive System Revenue (Million USD) and Growth Rate (2012-2022)
Figure The South of US Electric Top Drive System Revenue (Million USD) and Growth Rate (2012-2022)
Figure The Midwest Electric Top Drive System Revenue (Million USD) and Growth Rate (2012-2022)
Figure United States Electric Top Drive System Sales (K Units) and Growth Rate (2012-2022)
Figure United States Electric Top Drive System Revenue (Million USD) and Growth Rate (2012-2022)
Figure United States Electric Top Drive System Market Major Players Product Sales Volume (K Units) (2012-2017)
Table United States Electric Top Drive System Sales (K Units) of Key Players/Suppliers (2012-2017)
Table United States Electric Top Drive System Sales Share by Players/Suppliers (2012-2017)
Figure 2016 United States Electric Top Drive System Sales Share by Players/Suppliers
Figure 2017 United States Electric Top Drive System Sales Share by Players/Suppliers
Figure United States Electric Top Drive System Market Major Players Product Revenue (Million USD) (2012-2017)
Table United States Electric Top Drive System Revenue (Million USD) by Players/Suppliers (2012-2017)
Table United States Electric Top Drive System Revenue Share by Players/Suppliers (2012-2017)
Figure 2016 United States Electric Top Drive System Revenue Share by Players/Suppliers
Figure 2017 United States Electric Top Drive System Revenue Share by Players/Suppliers
Table United States Market Electric Top Drive System Average Price (USD/Unit) of Key Players/Suppliers (2012-2017)
Figure United States Market Electric Top Drive System Average Price (USD/Unit) of Key Players/Suppliers in 2016
Figure United States Electric Top Drive System Market Share of Top 3 Players/Suppliers
Figure United States Electric Top Drive System Market Share of Top 5 Players/Suppliers
Table United States Players/Suppliers Electric Top Drive System Manufacturing Base Distribution and Sales Area
Table United States Players/Suppliers Electric Top Drive System Product Category
Table United States Electric Top Drive System Sales (K Units) by Region (2012-2017)
Table United States Electric Top Drive System Sales Share by Region (2012-2017)
Figure United States Electric Top Drive System Sales Share by Region (2012-2017)
Figure United States Electric Top Drive System Sales Market Share by Region in 2016
Table United States Electric Top Drive System Revenue (Million USD) and Market Share by Region (2012-2017)
Table United States Electric Top Drive System Revenue Share by Region (2012-2017)
Figure United States Electric Top Drive System Revenue Market Share by Region (2012-2017)
Figure United States Electric Top Drive System Revenue Market Share by Region in 2016
Table United States Electric Top Drive System Price (USD/Unit) by Region (2012-2017)
Table United States Electric Top Drive System Sales (K Units) by Type (2012-2017)
Table United States Electric Top Drive System Sales Share by Type (2012-2017)
Figure United States Electric Top Drive System Sales Share by Type (2012-2017)
Figure United States Electric Top Drive System Sales Market Share by Type in 2016
Table United States Electric Top Drive System Revenue (Million USD) and Market Share by Type (2012-2017)
Table United States Electric Top Drive System Revenue Share by Type (2012-2017)
Figure Revenue Market Share of Electric Top Drive System by Type (2012-2017)
Figure Revenue Market Share of Electric Top Drive System by Type in 2016
Table United States Electric Top Drive System Price (USD/Unit) by Types (2012-2017)
Figure United States Electric Top Drive System Sales Growth Rate by Type (2012-2017)
Table United States Electric Top Drive System Sales (K Units) by Application (2012-2017)
Table United States Electric Top Drive System Sales Market Share by Application (2012-2017)
Figure United States Electric Top Drive System Sales Market Share by Application (2012-2017)
Figure United States Electric Top Drive System Sales Market Share by Application in 2016
Table United States Electric Top Drive System Sales Growth Rate by Application (2012-2017)
Figure United States Electric Top Drive System Sales Growth Rate by Application (2012-2017)
Table Aker Solutions Basic Information List
Table Aker Solutions Electric Top Drive System Sales (K Units), Revenue (Million USD), Price (USD/Unit) and Gross Margin (2012-2017)
Figure Aker Solutions Electric Top Drive System Sales Growth Rate (2012-2017)
Figure Aker Solutions Electric Top Drive System Sales Market Share in United States (2012-2017)
Figure Aker Solutions Electric Top Drive System Revenue Market Share in United States (2012-2017)
Table Cameron International Corporation Basic Information List
Table Cameron International Corporation Electric Top Drive System Sales (K Units), Revenue (Million USD), Price (USD/Unit) and Gross Margin (2012-2017)
Figure Cameron International Corporation Electric Top Drive System Sales Growth Rate (2012-2017)
Figure Cameron International Corporation Electric Top Drive System Sales Market Share in United States (2012-2017)
Figure Cameron International Corporation Electric Top Drive System Revenue Market Share in United States (2012-2017)
Table Honghua Group Limited Basic Information List
Table Honghua Group Limited Electric Top Drive System Sales (K Units), Revenue (Million USD), Price (USD/Unit) and Gross Margin (2012-2017)
Figure Honghua Group Limited Electric Top Drive System Sales Growth Rate (2012-2017)
Figure Honghua Group Limited Electric Top Drive System Sales Market Share in United States (2012-2017)
Figure Honghua Group Limited Electric Top Drive System Revenue Market Share in United States (2012-2017)
Table National Oilwell Varco Basic Information List
Table National Oilwell Varco Electric Top Drive System Sales (K Units), Revenue (Million USD), Price (USD/Unit) and Gross Margin (2012-2017)
Figure National Oilwell Varco Electric Top Drive System Sales Growth Rate (2012-2017)
Figure National Oilwell Varco Electric Top Drive System Sales Market Share in United States (2012-2017)
Figure National Oilwell Varco Electric Top Drive System Revenue Market Share in United States (2012-2017)
Table Tesco Corporation Basic Information List
Table Tesco Corporation Electric Top Drive System Sales (K Units), Revenue (Million USD), Price (USD/Unit) and Gross Margin (2012-2017)
Figure Tesco Corporation Electric Top Drive System Sales Growth Rate (2012-2017)
Figure Tesco Corporation Electric Top Drive System Sales Market Share in United States (2012-2017)
Figure Tesco Corporation Electric Top Drive System Revenue Market Share in United States (2012-2017)
Table Axon Energy Products Basic Information List
Table Axon Energy Products Electric Top Drive System Sales (K Units), Revenue (Million USD), Price (USD/Unit) and Gross Margin (2012-2017)
Figure Axon Energy Products Electric Top Drive System Sales Growth Rate (2012-2017)
Figure Axon Energy Products Electric Top Drive System Sales Market Share in United States (2012-2017)
Figure Axon Energy Products Electric Top Drive System Revenue Market Share in United States (2012-2017)
Table Canadian Rig Basic Information List
Table Canadian Rig Electric Top Drive System Sales (K Units), Revenue (Million USD), Price (USD/Unit) and Gross Margin (2012-2017)
Figure Canadian Rig Electric Top Drive System Sales Growth Rate (2012-2017)
Figure Canadian Rig Electric Top Drive System Sales Market Share in United States (2012-2017)
Figure Canadian Rig Electric Top Drive System Revenue Market Share in United States (2012-2017)
Table Triten Corp. Basic Information List
Table Triten Corp. Electric Top Drive System Sales (K Units), Revenue (Million USD), Price (USD/Unit) and Gross Margin (2012-2017)
Figure Triten Corp. Electric Top Drive System Sales Growth Rate (2012-2017)
Figure Triten Corp. Electric Top Drive System Sales Market Share in United States (2012-2017)
Figure Triten Corp. Electric Top Drive System Revenue Market Share in United States (2012-2017)
Table ESTec Oilfield Basic Information List
Table ESTec Oilfield Electric Top Drive System Sales (K Units), Revenue (Million USD), Price (USD/Unit) and Gross Margin (2012-2017)
Figure ESTec Oilfield Electric Top Drive System Sales Growth Rate (2012-2017)
Figure ESTec Oilfield Electric Top Drive System Sales Market Share in United States (2012-2017)
Figure ESTec Oilfield Electric Top Drive System Revenue Market Share in United States (2012-2017)
Table Tianyi Petroleum Equipment Basic Information List
Table Tianyi Petroleum Equipment Electric Top Drive System Sales (K Units), Revenue (Million USD), Price (USD/Unit) and Gross Margin (2012-2017)
Figure Tianyi Petroleum Equipment Electric Top Drive System Sales Growth Rate (2012-2017)
Figure Tianyi Petroleum Equipment Electric Top Drive System Sales Market Share in United States (2012-2017)
Figure Tianyi Petroleum Equipment Electric Top Drive System Revenue Market Share in United States (2012-2017)
Table GDS International Basic Information List
Table Nabors Industries Basic Information List
Table Bournedrill Pty Basic Information List
Table Command Drilling Technologies Basic Information List
Table Petro Rigs Basic Information List
Table Svenska Kullagerfabriken Basic Information List
Table Production Base and Market Concentration Rate of Raw Material
Figure Price Trend of Key Raw Materials
Table Key Suppliers of Raw Materials
Figure Manufacturing Cost Structure of Electric Top Drive System
Figure Manufacturing Process Analysis of Electric Top Drive System
Figure Electric Top Drive System Industrial Chain Analysis
Table Raw Materials Sources of Electric Top Drive System Major Players/Suppliers in 2016
Table Major Buyers of Electric Top Drive System
Table Distributors/Traders List
Figure United States Electric Top Drive System Sales Volume (K Units) and Growth Rate Forecast (2017-2022)
Figure United States Electric Top Drive System Revenue (Million USD) and Growth Rate Forecast (2017-2022)
Figure United States Electric Top Drive System Price (USD/Unit) Trend Forecast (2017-2022)
Table United States Electric Top Drive System Sales Volume (K Units) Forecast by Type (2017-2022)
Figure United States Electric Top Drive System Sales Volume (K Units) Forecast by Type (2017-2022)
Figure United States Electric Top Drive System Sales Volume (K Units) Forecast by Type in 2022
Table United States Electric Top Drive System Sales Volume (K Units) Forecast by Application (2017-2022)
Figure United States Electric Top Drive System Sales Volume (K Units) Forecast by Application (2017-2022)
Figure United States Electric Top Drive System Sales Volume (K Units) Forecast by Application in 2022
Table United States Electric Top Drive System Sales Volume (K Units) Forecast by Region (2017-2022)
Table United States Electric Top Drive System Sales Volume Share Forecast by Region (2017-2022)
Figure United States Electric Top Drive System Sales Volume Share Forecast by Region (2017-2022)
Figure United States Electric Top Drive System Sales Volume Share Forecast by Region in 2022
Table Research Programs/Design for This Report
Figure Bottom-up and Top-down Approaches for This Report
Figure Data Triangulation
Table Key Data Information from Secondary Sources
Table Key Data Information from Primary Sources

RESEARCH METHODOLOGY

A research methodology is a systematic approach for assessing or conducting a market study. Researchers tend to draw on a variety of both qualitative and quantitative study methods, inclusive of investigations, survey, secondary data and market observation.

Such plans can focus on classifying the products offered by leading market players or simply use statistical models to interpret observations or test hypotheses. While some methods aim for a detailed description of the factors behind an observation, others present the context of the current market scenario.

Now let’s take a closer look at the research methods here.

Secondary Research Model

Extensive data is obtained and cumulated on a substantial basis during the inception phase of the research process. The data accumulated is consistently filtered through validation from the in-house database, paid sources as well reputable industry magazines. A robust research study requires an understanding of the overall value chain. Annual reports and financials of industry players are studied thoroughly to have a comprehensive idea of the market taxonomy.

Primary Insights

Post conglomeration of the data obtained through secondary research; a validation process is initiated to verify the numbers or figures. This process is usually performed by having a detailed discussion with the industry experts.

However, we do not restrict our primary interviews only to the industry leaders. Our team covers the entire value chain while verifying the data. A significant number of raw material suppliers, local manufacturers, distributors, and stakeholders are interviewed to make our findings authentic. The current trends which include the drivers, restraints, and opportunities are also derived through the primary research process.

Market Estimation

The market estimation is conducted by analyzing the data collected through both secondary and primary research. This process involves market breakdown, bottom-up and top- down approach.

Moreover, while forecasting the market a comprehensive statistical time series model is designed for each market. Macroeconomic indicators are considered to understand the current trends of the market. Each data point is verified by the process of data triangulation method to arrive at the final market estimates.

Final Presentation

The penultimate process results in a holistic research report. The study equips key industry players to undertake significant strategic decisions through the findings. The report encompasses detailed market information. Graphical representations of the current market trends are also made available in order to make the study highly comprehensible for the reader.

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Electric Top Drive System Market Size, Type Analysis, Application Analysis, End-Use, Industry Analysis, Regional Outlook, Competitive Strategies And Forecasts, 2023-2032