The global market for Alternating Current Drilling Rig was valued at US$ million in the year 2024 and is projected to reach a revised size of US$ million by 2031, growing at a CAGR of %during the forecast period.
It means that the electric current that powers the rig frequently reverses direction which gives more control and accuracy than direct current (DC) or mechanical drives.
North American market for Alternating Current Drilling Rig is estimated to increase from $ million in 2024 to reach $ million by 2031, at a CAGR of % during the forecast period of 2025 through 2031.
Asia-Pacific market for Alternating Current Drilling Rig is estimated to increase from $ million in 2024 to reach $ million by 2031, at a CAGR of % during the forecast period of 2025 through 2031.
The major global manufacturers of Alternating Current Drilling Rig include NOV, Drillmec, Nabors Industries, Precision Drilling, Loadmaster Universal Rigs, Care Industries, Dragon Products, Hyduke, Bentec, Unit Drilling Company, etc. In 2024, the world's top three vendors accounted for approximately % of the revenue.
Report Scope
This report aims to provide a comprehensive presentation of the global market for Alternating Current Drilling Rig, with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Alternating Current Drilling Rig.
The Alternating Current Drilling Rig market size, estimations, and forecasts are provided in terms of output/shipments (Units) and revenue ($ millions), considering 2024 as the base year, with history and forecast data for the period from 2020 to 2031. This report segments the global Alternating Current Drilling Rig market comprehensively. Regional market sizes, concerning products by Type, by Application, and by players, are also provided.
For a more in-depth understanding of the market, the report provides profiles of the competitive landscape, key competitors, and their respective market ranks. The report also discusses technological trends and new product developments.
The report will help the Alternating Current Drilling Rig manufacturers, new entrants, and industry chain related companies in this market with information on the revenues, production, and average price for the overall market and the sub-segments across the different segments, by company, by Type, by Application, and by regions.
Market Segmentation
By Company
NOV
Drillmec
Nabors Industries
Precision Drilling
Loadmaster Universal Rigs
Care Industries
Dragon Products
Hyduke
Bentec
Unit Drilling Company
Baoji Oilfield Machinery
Lanzhou LS Group
Sichuan Honghua Petroleum Equipment
RG Petro-Machinery Group
by Type
Onshore
Offshore
by Application
Oil and Gas
Geothermal
Mining
Production by Region
North America
Europe
China
Japan
Consumption by Region
North America
U.S.
Canada
Asia-Pacific
China
Japan
South Korea
China Taiwan
Southeast Asia
India
Europe
Germany
France
U.K.
Italy
Russia
Rest of Europe
Latin America, Middle East & Africa
Mexico
Brazil
Turkey
GCC Countries
Chapter Outline
Chapter 1: Introduces the report scope of the report, executive summary of different market segments (by region, by Type, by Application, etc), including the market size of each market segment, future development potential, and so on. It offers a high-level view of the current state of the market and its likely evolution in the short to mid-term, and long term.
Chapter 2: Detailed analysis of Alternating Current Drilling Rig manufacturers competitive landscape, price, production and value market share, latest development plan, merger, and acquisition information, etc.
Chapter 3: Production/output, value of Alternating Current Drilling Rig by region/country. It provides a quantitative analysis of the market size and development potential of each region in the next six years.
Chapter 4: Consumption of Alternating Current Drilling Rig in regional level and country level. It provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space, and production of each country in the world.
Chapter 5: Provides the analysis of various market segments by Type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter 6: Provides the analysis of various market segments by Application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter 7: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product production/output, value, price, gross margin, product introduction, recent development, etc.
Chapter 8: Analysis of industrial chain, including the upstream and downstream of the industry.
Chapter 9: Introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.
Chapter 10: The main points and conclusions of the report.
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1 Alternating Current Drilling Rig Market Overview
1.1 Product Definition
1.2 Alternating Current Drilling Rig by Type
1.2.1 Global Alternating Current Drilling Rig Market Value Growth Rate Analysis by Type: 2024 VS 2031
1.2.2 Onshore
1.2.3 Offshore
1.3 Alternating Current Drilling Rig by Application
1.3.1 Global Alternating Current Drilling Rig Market Value Growth Rate Analysis by Application: 2024 VS 2031
1.3.2 Oil and Gas
1.3.3 Geothermal
1.3.4 Mining
1.4 Global Market Growth Prospects
1.4.1 Global Alternating Current Drilling Rig Production Value Estimates and Forecasts (2020-2031)
1.4.2 Global Alternating Current Drilling Rig Production Capacity Estimates and Forecasts (2020-2031)
1.4.3 Global Alternating Current Drilling Rig Production Estimates and Forecasts (2020-2031)
1.4.4 Global Alternating Current Drilling Rig Market Average Price Estimates and Forecasts (2020-2031)
1.5 Assumptions and Limitations
2 Market Competition by Manufacturers
2.1 Global Alternating Current Drilling Rig Production Market Share by Manufacturers (2020-2025)
2.2 Global Alternating Current Drilling Rig Production Value Market Share by Manufacturers (2020-2025)
2.3 Global Key Players of Alternating Current Drilling Rig, Industry Ranking, 2023 VS 2024
2.4 Global Alternating Current Drilling Rig Market Share by Company Type (Tier 1, Tier 2, and Tier 3)
2.5 Global Alternating Current Drilling Rig Average Price by Manufacturers (2020-2025)
2.6 Global Key Manufacturers of Alternating Current Drilling Rig, Manufacturing Base Distribution and Headquarters
2.7 Global Key Manufacturers of Alternating Current Drilling Rig, Product Offered and Application
2.8 Global Key Manufacturers of Alternating Current Drilling Rig, Date of Enter into This Industry
2.9 Alternating Current Drilling Rig Market Competitive Situation and Trends
2.9.1 Alternating Current Drilling Rig Market Concentration Rate
2.9.2 Global 5 and 10 Largest Alternating Current Drilling Rig Players Market Share by Revenue
2.10 Mergers & Acquisitions, Expansion
3 Alternating Current Drilling Rig Production by Region
3.1 Global Alternating Current Drilling Rig Production Value Estimates and Forecasts by Region: 2020 VS 2024 VS 2031
3.2 Global Alternating Current Drilling Rig Production Value by Region (2020-2031)
3.2.1 Global Alternating Current Drilling Rig Production Value by Region (2020-2025)
3.2.2 Global Forecasted Production Value of Alternating Current Drilling Rig by Region (2026-2031)
3.3 Global Alternating Current Drilling Rig Production Estimates and Forecasts by Region: 2020 VS 2024 VS 2031
3.4 Global Alternating Current Drilling Rig Production Volume by Region (2020-2031)
3.4.1 Global Alternating Current Drilling Rig Production by Region (2020-2025)
3.4.2 Global Forecasted Production of Alternating Current Drilling Rig by Region (2026-2031)
3.5 Global Alternating Current Drilling Rig Market Price Analysis by Region (2020-2025)
3.6 Global Alternating Current Drilling Rig Production and Value, Year-over-Year Growth
3.6.1 North America Alternating Current Drilling Rig Production Value Estimates and Forecasts (2020-2031)
3.6.2 Europe Alternating Current Drilling Rig Production Value Estimates and Forecasts (2020-2031)
3.6.3 China Alternating Current Drilling Rig Production Value Estimates and Forecasts (2020-2031)
3.6.4 Japan Alternating Current Drilling Rig Production Value Estimates and Forecasts (2020-2031)
4 Alternating Current Drilling Rig Consumption by Region
4.1 Global Alternating Current Drilling Rig Consumption Estimates and Forecasts by Region: 2020 VS 2024 VS 2031
4.2 Global Alternating Current Drilling Rig Consumption by Region (2020-2031)
4.2.1 Global Alternating Current Drilling Rig Consumption by Region (2020-2025)
4.2.2 Global Alternating Current Drilling Rig Forecasted Consumption by Region (2026-2031)
4.3 North America
4.3.1 North America Alternating Current Drilling Rig Consumption Growth Rate by Country: 2020 VS 2024 VS 2031
4.3.2 North America Alternating Current Drilling Rig Consumption by Country (2020-2031)
4.3.3 U.S.
4.3.4 Canada
4.4 Europe
4.4.1 Europe Alternating Current Drilling Rig Consumption Growth Rate by Country: 2020 VS 2024 VS 2031
4.4.2 Europe Alternating Current Drilling Rig Consumption by Country (2020-2031)
4.4.3 Germany
4.4.4 France
4.4.5 U.K.
4.4.6 Italy
4.4.7 Netherlands
4.5 Asia Pacific
4.5.1 Asia Pacific Alternating Current Drilling Rig Consumption Growth Rate by Region: 2020 VS 2024 VS 2031
4.5.2 Asia Pacific Alternating Current Drilling Rig Consumption by Region (2020-2031)
4.5.3 China
4.5.4 Japan
4.5.5 South Korea
4.5.6 China Taiwan
4.5.7 Southeast Asia
4.5.8 India
4.6 Latin America, Middle East & Africa
4.6.1 Latin America, Middle East & Africa Alternating Current Drilling Rig Consumption Growth Rate by Country: 2020 VS 2024 VS 2031
4.6.2 Latin America, Middle East & Africa Alternating Current Drilling Rig Consumption by Country (2020-2031)
4.6.3 Mexico
4.6.4 Brazil
4.6.5 Turkey
4.6.6 GCC Countries
5 Segment by Type
5.1 Global Alternating Current Drilling Rig Production by Type (2020-2031)
5.1.1 Global Alternating Current Drilling Rig Production by Type (2020-2025)
5.1.2 Global Alternating Current Drilling Rig Production by Type (2026-2031)
5.1.3 Global Alternating Current Drilling Rig Production Market Share by Type (2020-2031)
5.2 Global Alternating Current Drilling Rig Production Value by Type (2020-2031)
5.2.1 Global Alternating Current Drilling Rig Production Value by Type (2020-2025)
5.2.2 Global Alternating Current Drilling Rig Production Value by Type (2026-2031)
5.2.3 Global Alternating Current Drilling Rig Production Value Market Share by Type (2020-2031)
5.3 Global Alternating Current Drilling Rig Price by Type (2020-2031)
6 Segment by Application
6.1 Global Alternating Current Drilling Rig Production by Application (2020-2031)
6.1.1 Global Alternating Current Drilling Rig Production by Application (2020-2025)
6.1.2 Global Alternating Current Drilling Rig Production by Application (2026-2031)
6.1.3 Global Alternating Current Drilling Rig Production Market Share by Application (2020-2031)
6.2 Global Alternating Current Drilling Rig Production Value by Application (2020-2031)
6.2.1 Global Alternating Current Drilling Rig Production Value by Application (2020-2025)
6.2.2 Global Alternating Current Drilling Rig Production Value by Application (2026-2031)
6.2.3 Global Alternating Current Drilling Rig Production Value Market Share by Application (2020-2031)
6.3 Global Alternating Current Drilling Rig Price by Application (2020-2031)
7 Key Companies Profiled
7.1 NOV
7.1.1 NOV Alternating Current Drilling Rig Company Information
7.1.2 NOV Alternating Current Drilling Rig Product Portfolio
7.1.3 NOV Alternating Current Drilling Rig Production, Value, Price and Gross Margin (2020-2025)
7.1.4 NOV Main Business and Markets Served
7.1.5 NOV Recent Developments/Updates
7.2 Drillmec
7.2.1 Drillmec Alternating Current Drilling Rig Company Information
7.2.2 Drillmec Alternating Current Drilling Rig Product Portfolio
7.2.3 Drillmec Alternating Current Drilling Rig Production, Value, Price and Gross Margin (2020-2025)
7.2.4 Drillmec Main Business and Markets Served
7.2.5 Drillmec Recent Developments/Updates
7.3 Nabors Industries
7.3.1 Nabors Industries Alternating Current Drilling Rig Company Information
7.3.2 Nabors Industries Alternating Current Drilling Rig Product Portfolio
7.3.3 Nabors Industries Alternating Current Drilling Rig Production, Value, Price and Gross Margin (2020-2025)
7.3.4 Nabors Industries Main Business and Markets Served
7.3.5 Nabors Industries Recent Developments/Updates
7.4 Precision Drilling
7.4.1 Precision Drilling Alternating Current Drilling Rig Company Information
7.4.2 Precision Drilling Alternating Current Drilling Rig Product Portfolio
7.4.3 Precision Drilling Alternating Current Drilling Rig Production, Value, Price and Gross Margin (2020-2025)
7.4.4 Precision Drilling Main Business and Markets Served
7.4.5 Precision Drilling Recent Developments/Updates
7.5 Loadmaster Universal Rigs
7.5.1 Loadmaster Universal Rigs Alternating Current Drilling Rig Company Information
7.5.2 Loadmaster Universal Rigs Alternating Current Drilling Rig Product Portfolio
7.5.3 Loadmaster Universal Rigs Alternating Current Drilling Rig Production, Value, Price and Gross Margin (2020-2025)
7.5.4 Loadmaster Universal Rigs Main Business and Markets Served
7.5.5 Loadmaster Universal Rigs Recent Developments/Updates
7.6 Care Industries
7.6.1 Care Industries Alternating Current Drilling Rig Company Information
7.6.2 Care Industries Alternating Current Drilling Rig Product Portfolio
7.6.3 Care Industries Alternating Current Drilling Rig Production, Value, Price and Gross Margin (2020-2025)
7.6.4 Care Industries Main Business and Markets Served
7.6.5 Care Industries Recent Developments/Updates
7.7 Dragon Products
7.7.1 Dragon Products Alternating Current Drilling Rig Company Information
7.7.2 Dragon Products Alternating Current Drilling Rig Product Portfolio
7.7.3 Dragon Products Alternating Current Drilling Rig Production, Value, Price and Gross Margin (2020-2025)
7.7.4 Dragon Products Main Business and Markets Served
7.7.5 Dragon Products Recent Developments/Updates
7.8 Hyduke
7.8.1 Hyduke Alternating Current Drilling Rig Company Information
7.8.2 Hyduke Alternating Current Drilling Rig Product Portfolio
7.8.3 Hyduke Alternating Current Drilling Rig Production, Value, Price and Gross Margin (2020-2025)
7.8.4 Hyduke Main Business and Markets Served
7.8.5 Hyduke Recent Developments/Updates
7.9 Bentec
7.9.1 Bentec Alternating Current Drilling Rig Company Information
7.9.2 Bentec Alternating Current Drilling Rig Product Portfolio
7.9.3 Bentec Alternating Current Drilling Rig Production, Value, Price and Gross Margin (2020-2025)
7.9.4 Bentec Main Business and Markets Served
7.9.5 Bentec Recent Developments/Updates
7.10 Unit Drilling Company
7.10.1 Unit Drilling Company Alternating Current Drilling Rig Company Information
7.10.2 Unit Drilling Company Alternating Current Drilling Rig Product Portfolio
7.10.3 Unit Drilling Company Alternating Current Drilling Rig Production, Value, Price and Gross Margin (2020-2025)
7.10.4 Unit Drilling Company Main Business and Markets Served
7.10.5 Unit Drilling Company Recent Developments/Updates
7.11 Baoji Oilfield Machinery
7.11.1 Baoji Oilfield Machinery Alternating Current Drilling Rig Company Information
7.11.2 Baoji Oilfield Machinery Alternating Current Drilling Rig Product Portfolio
7.11.3 Baoji Oilfield Machinery Alternating Current Drilling Rig Production, Value, Price and Gross Margin (2020-2025)
7.11.4 Baoji Oilfield Machinery Main Business and Markets Served
7.11.5 Baoji Oilfield Machinery Recent Developments/Updates
7.12 Lanzhou LS Group
7.12.1 Lanzhou LS Group Alternating Current Drilling Rig Company Information
7.12.2 Lanzhou LS Group Alternating Current Drilling Rig Product Portfolio
7.12.3 Lanzhou LS Group Alternating Current Drilling Rig Production, Value, Price and Gross Margin (2020-2025)
7.12.4 Lanzhou LS Group Main Business and Markets Served
7.12.5 Lanzhou LS Group Recent Developments/Updates
7.13 Sichuan Honghua Petroleum Equipment
7.13.1 Sichuan Honghua Petroleum Equipment Alternating Current Drilling Rig Company Information
7.13.2 Sichuan Honghua Petroleum Equipment Alternating Current Drilling Rig Product Portfolio
7.13.3 Sichuan Honghua Petroleum Equipment Alternating Current Drilling Rig Production, Value, Price and Gross Margin (2020-2025)
7.13.4 Sichuan Honghua Petroleum Equipment Main Business and Markets Served
7.13.5 Sichuan Honghua Petroleum Equipment Recent Developments/Updates
7.14 RG Petro-Machinery Group
7.14.1 RG Petro-Machinery Group Alternating Current Drilling Rig Company Information
7.14.2 RG Petro-Machinery Group Alternating Current Drilling Rig Product Portfolio
7.14.3 RG Petro-Machinery Group Alternating Current Drilling Rig Production, Value, Price and Gross Margin (2020-2025)
7.14.4 RG Petro-Machinery Group Main Business and Markets Served
7.14.5 RG Petro-Machinery Group Recent Developments/Updates
8 Industry Chain and Sales Channels Analysis
8.1 Alternating Current Drilling Rig Industry Chain Analysis
8.2 Alternating Current Drilling Rig Raw Material Supply Analysis
8.2.1 Key Raw Materials
8.2.2 Raw Materials Key Suppliers
8.3 Alternating Current Drilling Rig Production Mode & Process Analysis
8.4 Alternating Current Drilling Rig Sales and Marketing
8.4.1 Alternating Current Drilling Rig Sales Channels
8.4.2 Alternating Current Drilling Rig Distributors
8.5 Alternating Current Drilling Rig Customer Analysis
9 Alternating Current Drilling Rig Market Dynamics
9.1 Alternating Current Drilling Rig Industry Trends
9.2 Alternating Current Drilling Rig Market Drivers
9.3 Alternating Current Drilling Rig Market Challenges
9.4 Alternating Current Drilling Rig Market Restraints
10 Research Findings and Conclusion
11 Methodology and Data Source
11.1 Methodology/Research Approach
11.1.1 Research Programs/Design
11.1.2 Market Size Estimation
11.1.3 Market Breakdown and Data Triangulation
11.2 Data Source
11.2.1 Secondary Sources
11.2.2 Primary Sources
11.3 Author List
11.4 Disclaimer
NOV
Drillmec
Nabors Industries
Precision Drilling
Loadmaster Universal Rigs
Care Industries
Dragon Products
Hyduke
Bentec
Unit Drilling Company
Baoji Oilfield Machinery
Lanzhou LS Group
Sichuan Honghua Petroleum Equipment
RG Petro-Machinery Group
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*If Applicable.