The Oil Drilling Automation market is expected to grow at a
The Oil Drilling Automation market is expected to grow at a compound annual growth rate of 10.14% over the analyzed period to reach a market size of US$689.301 million in 2027. The market stood at US$350.683 million in 2020. Oil drilling automation refers to the automation of sub-processes of operational and downhole activities required for oil drilling. In other words, it is the integration of surface and downhole measurements using modernised machinery, systems, and predictive models to improve operational efficiency in a cost-effective and efficient manner. During the drilling process, there are increasing demands for safety and efficiency.
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