Mobile Offshore Drilling Unit (MODU) Market - Regional Analysis
North America Market Insights
North America industry is predicted to dominate majority revenue share of 30% by 2035, backed by the presence of large oil and gas reserves and oilfield services in this region. Further, the government in this region is influencing the use of mobile offshore drilling by its various initiatives, which is further set to dominate the market.
APAC Market Insights
The mobile offshore drilling unit market in Asia Pacific region is poised to have significant growth over the forecast period. The surge in oil imports in this region is responsible for the market expansion since it is the highest consumer. In the year 2021, the Asia-Pacific daily oil consumption was about 35 million barrels. In Asia Pacific region, China has the highest energy consumer.
Browse key industry insights with market data tables & charts from the report:
Frequently Asked Questions (FAQ)
In the year 2026, the industry size of mobile offshore drilling unit is estimated at USD 7.72 billion.
The global mobile offshore drilling unit market size crossed USD 7.57 billion in 2025 and is likely to register a CAGR of over 2.2%, exceeding USD 9.41 billion revenue by 2035.
North America is predicted to command nearly 30% of revenue by 2035 in the mobile offshore drilling unit (MODU) market, attributed to the presence of extensive oil and gas reserves, robust oilfield services, and supportive government initiatives.
Key players in the market include Keppel Corporation Limited, Sembcorp Marine Ltd, DSME Co., Ltd., SHI International Corporation, Hyundai Heavy Industries, CIMC Raffles Offshore Ltd., China Shipbuilding Industry Corporation, COSCO, China Merchant Holdings.
