[English Market Research Report] Global Market for Jack-Up Rigs
Product ID: 1473957 Publisher: SkyQuest
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The global market size for jack-up rigs was valued at 2.89 billion USD in 2022 and is expected to grow from 3.04 billion USD in 2023 to 4.49 billion USD by 2031, with a projected CAGR of 5.02% during the forecast period (2024-2031). Jack-up rigs (MODUs) provide a stable platform for various operations at sea. They function as helicopter landing pads, unloading areas for various hulls, and crew stations, and these rigs, equipped with drilling and extraction capabilities, are fixed to the seabed and can operate in waters with depths of up to 490 feet. They play a crucial role in offshore exploration and resource extraction, and their market share is expanding alongside industrial activity. In particular, the rapid increase in offshore wind energy production is a major driving factor and challenge for the global jack-up rig market, while fluctuations in crude oil prices pose challenges by reducing investments in the oil and gas sector. Nevertheless, with urbanization and an increase in marine industrial activities, the market value of jack-up rigs is expected to rise rapidly in the near term.
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Publication Date: April 30, 2024 Publisher: SkyQuest Page Information: English 178 Pages Table of Contents Executive Summary Research Methodology Analysis of the Parent Market Key Market Insights Market Dynamics and Outlook Global Jack-Up Rig Market: By Type Global Jack-Up Rig Market: By Application Global Jack-Up Rig Market Size: By Region Competitive Landscape Major Company Profiles *The table of contents and pricing for this report are as of the time of publication. For the latest information, please contact us.*
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Market research reports are informational documents systematically describing market size and trends, based on investigations and analyses of market and technological trends conducted by overseas research publishing companies. In addition to quantitative data such as market trend analysis and future forecasts, they also include details about the strategies of various companies and profiles of entering firms, which our customers utilize as part of their research on overseas markets and new technologies.
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