The Global Draw Works Market is projected to grow at a considerable CAGR during the forecast period, i.e., 2023-28. The growth of the market would be propelled mainly by the ever-increasing oil & gas exploration activities across different regions worldwide, rising deepwater & ultra-deepwater exploration, and technological advancements in drilling technologies. Besides, the development of shale gas & tight oil, mounting offshore oil & gas production, and the growing replacement & upgradation of aging drilling equipment are also expected to boost the market in the forecast years.
Draw Works Market 2023-2028: Size, Demand, Growth Forecast – MarkNtel