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Top Drive Systems Market by Type (Electric and Hydraulic) , Application (Onshore and Offshore) , Vessel Type (Jackup, Drillship, Semi-Submersible) , and by Region (North and South Americas, Europe, APAC, Middle East and Africa) - Global Trends and Forecasts to 2020
  • Published : May , 2015
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  • Number of Pages : 172
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  • Published By : MarketsandMarkets

Report Overview
Top drive is a motor that is suspended from the derrick, or mast, of the rig, which provides rotational force to facilitate the process of drilling a wellbore. It drives and rotates the drill string and bit, hence make drilling process easy. Top drives play a significant role in reducing hazards and the overall cost of drilling activities. It will continue to be the predominant method of drilling wells in the future .The top drive is an alternative to Kelly/rotary table. The demand for effective and efficient drilling has increased the importance of this system for various applications such as onshore and offshore.

The top drive market has been estimated in terms of value ($Million). This report provides an analysis about the drivers, restraints, and opportunities of the global top drive market. Growth in drilling and exploration activities and increasing need for energy from emerging economies are expected to...

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