Mobile Offshore Drilling Unit Market Share

  • Report ID: 4971
  • Published Date: Jun 28, 2024
  • Report Format: PDF, PPT

Mobile Offshore Drilling Unit Market Share

North America Market Forecast

The mobile offshore drilling unit market in North America, is set to have the highest growth between 2023 and 2036, 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 Statistics

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.

Research Nester
Mobile Offshore Drilling Unit (MODU) Market Growth
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Author Credits:  Dhruv Bhatia


  • Report ID: 4971
  • Published Date: Jun 28, 2024
  • Report Format: PDF, PPT

Frequently Asked Questions (FAQ)

In the year 2024, the industry size of mobile offshore drilling unit is estimated at USD 7.3 Billion.

The mobile offshore drilling unit (MODU) market size was valued at USD 7.15 Billion in 2023 and is likely to reach USD 9.37 Billion by 2036, registering around 2.1% CAGR during the forecast period i.e., between 2024-2036. The major factors driving the growth of the market are growing demand for vehicles, rise in demand for electricity, and reduce price of oil.

North America industry is set to have the highest growth through 2036, backed by presence of large oil and gas reserves and oilfield services in this region.

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
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