Top Drive System Market: Development, Opportunities and Market Outlook (2016-26) Every once in a while, a new technology, an old problem, and a big idea turns into an innovation. The Top Drive drilling system has been one of the most significant advancement in the drilling technology since the introduction of the rotary table. Top drive system is a big motor system hoisted in the mast or derrick of a drilling rig that hang below and travel up and down with the travelling block, rotating the drill pipe from the top of the drill string. The system provides the following advantages:

  • Top drive system can be used on all types of rigs, from truck mounted rigs to offshore rigs
  • Rigs equipped with top drive system drill faster and safer, with less chances of stuck drill pipe
  • Top drive system can drill deeper as compared to conventional drilling technique involving rotary table and Kelly system
  • The system provides better well control and hole conditioning.
  • It is more secure and easier to implement.
  • It is a better system to use for underbalanced drilling.

The Top drive system has a huge potential and has solved many drilling problems. This has attracted the oil & gas majors which lead to the increase in need of these systems. The top drive system market is estimated to be valued at XX billion USD and is expected to increase at a CAGR of XX% during the forecast period.

The top drive system reduces the manual labor on the drilling rig by a considerable amount. This system is responsible for providing the rotation to the drill string. Hence, a kelly system is not required when a top drive system is used. Since, kelly is not involved, a top drive can drill upto 90 ft (three joint stands) before making a new connection. Also, this system can be remotely operated from a driller’s console. The top drive system consists of the following components:

  • Torque Track
  • Optional Swivel (connecting the system to the travelling block)
  • Torque Bushing
  • Swivel Sub
  • Quill
  • Mainframe Assembly (digital)
  • Nut Load
  • Pipe handler assembly
  • Tilt assembly
  • Stabbing valve
  • Saver Sub
  • Grabber assembly (backup wrench)
  • Bail assembly (fix link)
  • Elevator (lift)

There are two types of top drive systems used on the drilling rigs of oil & gas industry:

  • Electric Top Drive: The top drive system is driven by AC or DC motors. The power can come from grid or diesel generators at site and the conversion from AC to DC can be done at SCR system. The Electric top drive system can be classified into:
    • One-to-one
    • One-to-many
    • Many-to-one
    • Many-to-many
  • Hydraulic Top Drive: The top drive system is driven by hydraulic pumps and required equipments like accumulators, cooling fan, etc. known as "hydraulic drive and control system" as a whole. They are suitable for use in harsh working environments.

The detailed working and structure of the top drive system is explained in the Infraline’s exclusive report.

Owing to several advantages over the rotary table driven rig, the top drive system market has been booming ever since its introduction. Reducing the time for overall drilling operation, better drilling reach in case of deviated wells, increase in advanced drilling techniques have been the primary drivers of the market. However, decrease in drilling operations due to sour oil prices, technological incompetence, etc. have been the major restraining factors of the market. The growth opportunities in the market include employment of top drives with advanced technologies in offshore areas, better handling of the overall system, etc.

The profiles and the comprehensive operational study of various key players in the Top Drive system market like Tesco Corporation, Warrior Manufacturing Services Ltd, National Oilwell Varco., China National Petroleum Corporation (CNPC), Cameron International Corporation, Honghua Group Limited, Aker Solutions AS, Bentec GMBH Drilling & Oilfield Systems, Axon Energy Products and Canrig Drilling Technology Limited., etc. have been well analyzed and included in the report.

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By Technology

  • Electric
  • Hydraulic

By Application/p>

  • Onshore
  • Offshore

By Geography

  • North America
  • Europe
  • Asia Pacific
  • South & Central America
  • Middle East & Africa
  • Rest of the World (ROW)
  • Market overview and forecasting covering Optimistic, Realistic and Pessimistic scenarios (2018-2028)
  • Analysis and study of various services provided by major players active in the Top Drive System market
  • Market segmentation based on Technology, Application & Geography
  • Detailed coverage of technology and services involved
  • Technical comparative studies and case analysis
  • Competitive landscape with in depth analysis of the market players’ strategy
  • Infraline’s Techno Managerial edge covering SWOT, TOWS, Porter’s five forces and PESTLE analysis

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