India Offshore Drilling Rigs Market | Growth, Size, Revenue, Companies, Value, Trends, Analysis, Industry, COVID-19 IMPACT, Share & Forecast

Name: India Offshore Drilling Rigs Market (2024-2030) | Trends, Outlook & Forecast
Creator: 6Wresearch
License: https://www.6wresearch.com/privacy-policy
Keywords: Offshore Drilling Rigs Market, India Offshore Drilling Rigs Market, India Offshore Drilling Rigs Market Revenues, India Offshore Drilling Rigs Market Share, India Offshore Drilling Rigs Market Size, India Offshore Drilling Rigs Market Outlook, India Offshore Drilling Rigs Market Report, India Offshore Drilling Rigs Market Competition, India Offshore Drilling Rigs Market Overview, India Offshore Drilling Rigs Market Trends, India Offshore Drilling Rigs Market Forecast

Market Forecast By Type (Jackup, Semi-Submersibles, Drillships), By Application (Shallow Water, Deepwater, Ultra-Deepwater) And Competitive Landscape

Product Code: ETC175063	Publication Date: Jul 2023	Updated Date: Nov 2025	Product Type: Market Research Report
Publisher: 6Wresearch	Author: Ravi Bhandari	No. of Pages: 70	No. of Figures: 35	No. of Tables: 5

India Offshore Drilling Rigs Market Top 5 Importing Countries and Market Competition (HHI) Analysis

India`s offshore drilling rigs import market witnessed significant growth in 2024, with Malaysia, UK, Italy, USA, and Indonesia emerging as the top exporting countries. The market shows moderate concentration with a Herfindahl-Hirschman Index (HHI) in 2024. The compound annual growth rate (CAGR) from 2020 to 2024 stood at a robust 9.48%, indicating sustained expansion. Notably, the growth rate spiked to an impressive 56.33% from 2023 to 2024, reflecting a surge in demand for offshore drilling rigs in India. These trends highlight a promising outlook for the offshore drilling rigs import market in the country.

India Offshore Drilling Rigs Market Top 5 Importing Countries and Market Competition (HHI) Analysis

India Offshore Drilling Rigs Market Synopsis

India is one of the fastest growing oil and gas markets in the world. The demand for offshore drilling rigs has been increasing due to the recent discoveries of large offshore fields, such as KG-D6, Mumbai High North and South and Rovuma Offshore Basin. In addition, India Strategic Petroleum Reserve (SPR) program launched in 2018 is expected to drive further growth in exploration activities over the next few years. With new projects coming online, there is an increased need for specialized vessels equipped with advanced technology that can perform deepwater operations safely and efficiently.

Market Drivers

The key drivers of growth for India offshore drilling rigs market are rising domestic oil production, increased investment by international operators in India waters, technological advancements that have enabled deeper explorations and improved operational efficiencies, strong government support through SPR program etc., all leading to a favorable Outlook for this sector in India.

Challenges of the Market

Despite these positive developments, some challenges remain including lack of qualified personnel/technicians required to operate complex vessels like semi-submersibles; limited access to financing options due high capital costs associated with acquiring or renting rigs; stringent regulations from Central Pollution Control Board regarding environment protection etc.. These issues have caused delays in several projects thus impacting revenues negatively.

Key Players in the Market

Aban Offshore Ltd., Great Eastern Shipping Company Ltd., Essar Oil & Gas Exploration & Production Ltd., Jindal Drilling & Industries Ltd., ONGC Videsh Limited among others are some of the major players operating within India offshore rig industry

Key Highlights of the Report:

India Offshore Drilling Rigs Market Outlook
Market Size of India Offshore Drilling Rigs Market, 2023
Forecast of India Offshore Drilling Rigs Market, 2030
Historical Data and Forecast of India Offshore Drilling Rigs Revenues & Volume for the Period 2020-2030
India Offshore Drilling Rigs Market Trend Evolution
India Offshore Drilling Rigs Market Drivers and Challenges
India Offshore Drilling Rigs Price Trends
India Offshore Drilling Rigs Porter's Five Forces
India Offshore Drilling Rigs Industry Life Cycle
Historical Data and Forecast of India Offshore Drilling Rigs Market Revenues & Volume By Type for the Period 2020-2030
Historical Data and Forecast of India Offshore Drilling Rigs Market Revenues & Volume By Jackup for the Period 2020-2030
Historical Data and Forecast of India Offshore Drilling Rigs Market Revenues & Volume By Semi-Submersibles for the Period 2020-2030
Historical Data and Forecast of India Offshore Drilling Rigs Market Revenues & Volume By Drillships for the Period 2020-2030
Historical Data and Forecast of India Offshore Drilling Rigs Market Revenues & Volume By Application for the Period 2020-2030
Historical Data and Forecast of India Offshore Drilling Rigs Market Revenues & Volume By Shallow Water for the Period 2020-2030
Historical Data and Forecast of India Offshore Drilling Rigs Market Revenues & Volume By Deepwater for the Period 2020-2030
Historical Data and Forecast of India Offshore Drilling Rigs Market Revenues & Volume By Ultra-Deepwater for the Period 2020-2030
India Offshore Drilling Rigs Import Export Trade Statistics
Market Opportunity Assessment By Type
Market Opportunity Assessment By Application
India Offshore Drilling Rigs Top Companies Market Share
India Offshore Drilling Rigs Competitive Benchmarking By Technical and Operational Parameters
India Offshore Drilling Rigs Company Profiles
India Offshore Drilling Rigs Key Strategic Recommendations

Frequently Asked Questions About the Market Study (FAQs):

How does 6Wresearch market report help businesses in making strategic decisions?

Do you also provide customisation in the market study?

1 Executive Summary

2 Introduction

2.1 Key Highlights of the Report

2.2 Report Description

2.3 Market Scope & Segmentation

2.4 Research Methodology

2.5 Assumptions

3 India Offshore Drilling Rigs Market Overview

3.1 India Country Macro Economic Indicators

3.2 India Offshore Drilling Rigs Market Revenues & Volume, 2020 & 2030F

3.3 India Offshore Drilling Rigs Market - Industry Life Cycle

3.4 India Offshore Drilling Rigs Market - Porter's Five Forces

3.5 India Offshore Drilling Rigs Market Revenues & Volume Share, By Type, 2020 & 2030F

3.6 India Offshore Drilling Rigs Market Revenues & Volume Share, By Application, 2020 & 2030F

4 India Offshore Drilling Rigs Market Dynamics

4.1 Impact Analysis

4.2 Market Drivers

4.3 Market Restraints

5 India Offshore Drilling Rigs Market Trends

6 India Offshore Drilling Rigs Market, By Types

6.1 India Offshore Drilling Rigs Market, By Type

6.1.1 Overview and Analysis

6.1.2 India Offshore Drilling Rigs Market Revenues & Volume, By Type, 2020-2030F

6.1.3 India Offshore Drilling Rigs Market Revenues & Volume, By Jackup, 2020-2030F

6.1.4 India Offshore Drilling Rigs Market Revenues & Volume, By Semi-Submersibles, 2020-2030F

6.1.5 India Offshore Drilling Rigs Market Revenues & Volume, By Drillships, 2020-2030F

6.2 India Offshore Drilling Rigs Market, By Application

6.2.1 Overview and Analysis

6.2.2 India Offshore Drilling Rigs Market Revenues & Volume, By Shallow Water, 2020-2030F

6.2.3 India Offshore Drilling Rigs Market Revenues & Volume, By Deepwater, 2020-2030F

6.2.4 India Offshore Drilling Rigs Market Revenues & Volume, By Ultra-Deepwater, 2020-2030F

7 India Offshore Drilling Rigs Market Import-Export Trade Statistics

7.1 India Offshore Drilling Rigs Market Export to Major Countries

7.2 India Offshore Drilling Rigs Market Imports from Major Countries

8 India Offshore Drilling Rigs Market Key Performance Indicators

9 India Offshore Drilling Rigs Market - Opportunity Assessment

9.1 India Offshore Drilling Rigs Market Opportunity Assessment, By Type, 2020 & 2030F

9.2 India Offshore Drilling Rigs Market Opportunity Assessment, By Application, 2020 & 2030F

10 India Offshore Drilling Rigs Market - Competitive Landscape

10.1 India Offshore Drilling Rigs Market Revenue Share, By Companies, 2023

10.2 India Offshore Drilling Rigs Market Competitive Benchmarking, By Operating and Technical Parameters

11 Company Profiles

12 Recommendations

13 Disclaimer

Asia Offshore Drilling Rigs Market

Asia Pacific Offshore Drilling Rigs Market

Europe Offshore Drilling Rigs Market

Global Offshore Drilling Rigs Market

Mauritius Offshore Drilling Rigs Market

Micronesia Offshore Drilling Rigs Market

Monaco Offshore Drilling Rigs Market

Mongolia Offshore Drilling Rigs Market

Montenegro Offshore Drilling Rigs Market

Export potential assessment - trade Analytics for 2030

Export potential enables firms to identify high-growth global markets with greater confidence by combining advanced trade intelligence with a structured quantitative methodology. The framework analyzes emerging demand trends and country-level import patterns while integrating macroeconomic and trade datasets such as GDP and population forecasts, bilateral import–export flows, tariff structures, elasticity differentials between developed and developing economies, geographic distance, and import demand projections. Using weighted trade values from 2020–2024 as the base period to project country-to-country export potential for 2030, these inputs are operationalized through calculated drivers such as gravity model parameters, tariff impact factors, and projected GDP per-capita growth. Through an analysis of hidden potentials, demand hotspots, and market conditions that are most favorable to success, this method enables firms to focus on target countries, maximize returns, and global expansion with data, backed by accuracy.

By factoring in the projected importer demand gap that is currently unmet and could be potential opportunity, it identifies the potential for the Exporter (Country) among 190 countries, against the general trade analysis, which identifies the biggest importer or exporter.

To discover high-growth global markets and optimize your business strategy:

Click Here