Key Market Trends in Floating Drilling Rigs: Size, Share, and Forecast (2023–2033)
The Global Floating Drilling Rigs Market Size is anticipated to exceed USD 47.6 Billion by 2033, growing at a CAGR of 5.20% from 2023 to 2033. Floating drilling rigs are floating offshore drilling platforms anchored to the seabed and are used for exploring and drilling oil and gas reserves in deepwater or harsh marine environments. Moreover, the market for floating drilling rigs is expected to grow further because of the rising energy demand globally, improved technological designs in rigs, and increased offshore exploration.