Offshore Drilling Rigs Market to Witness a Handsome Growth during 2022-28

The offshore drilling rigs market was estimated at USD 96.52 billion in 2021 and is likely to grow at a CAGR of 8.91% during 2022-2028 to reach USD 176.43 billion in 2028.
The demand for offshore drilling rigs is driven mainly by rising expenditure on production and exploration coupled with the growing demand for energy from emerging economies.