| Product Code: ETC12173070 | Publication Date: Apr 2025 | Updated Date: Nov 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Sachin Kumar Rai | No. of Pages: 65 | No. of Figures: 34 | No. of Tables: 19 |
India`s import shipments of floating rigs in 2024 have been primarily sourced from key exporting countries such as Japan, South Korea, Germany, China, and Poland. The market concentration, as measured by the HHI, decreased from moderate to low in 2024, indicating a more diverse import market. Despite the challenging CAGR of -7.41% from 2020 to 2024, the growth rate in 2024 showed a significant decline of -16.43%, highlighting the current market conditions and the potential challenges faced by the industry.

1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 India Floating Rigs Market Overview |
3.1 India Country Macro Economic Indicators |
3.2 India Floating Rigs Market Revenues & Volume, 2021 & 2031F |
3.3 India Floating Rigs Market - Industry Life Cycle |
3.4 India Floating Rigs Market - Porter's Five Forces |
3.5 India Floating Rigs Market Revenues & Volume Share, By Rig Type, 2021 & 2031F |
3.6 India Floating Rigs Market Revenues & Volume Share, By Application, 2021 & 2031F |
3.7 India Floating Rigs Market Revenues & Volume Share, By End User, 2021 & 2031F |
3.8 India Floating Rigs Market Revenues & Volume Share, By Technology, 2021 & 2031F |
4 India Floating Rigs Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing offshore exploration and production activities in India |
4.2.2 Technological advancements in floating rig designs |
4.2.3 Government initiatives to boost oil and gas production in India |
4.3 Market Restraints |
4.3.1 Fluctuating oil prices affecting investment decisions in offshore projects |
4.3.2 High initial setup costs for floating rig deployment |
4.3.3 Environmental regulations impacting the development of offshore projects |
5 India Floating Rigs Market Trends |
6 India Floating Rigs Market, By Types |
6.1 India Floating Rigs Market, By Rig Type |
6.1.1 Overview and Analysis |
6.1.2 India Floating Rigs Market Revenues & Volume, By Rig Type, 2021 - 2031F |
6.1.3 India Floating Rigs Market Revenues & Volume, By Floating Production Storage and Offloading Units, 2021 - 2031F |
6.1.4 India Floating Rigs Market Revenues & Volume, By Semi-Submersible Floating Rigs, 2021 - 2031F |
6.1.5 India Floating Rigs Market Revenues & Volume, By Drillships, 2021 - 2031F |
6.1.6 India Floating Rigs Market Revenues & Volume, By Floating Drilling Rigs, 2021 - 2031F |
6.2 India Floating Rigs Market, By Application |
6.2.1 Overview and Analysis |
6.2.2 India Floating Rigs Market Revenues & Volume, By Offshore Oil & Gas Extraction, 2021 - 2031F |
6.2.3 India Floating Rigs Market Revenues & Volume, By Deepwater Exploration, 2021 - 2031F |
6.2.4 India Floating Rigs Market Revenues & Volume, By Offshore Drilling, 2021 - 2031F |
6.2.5 India Floating Rigs Market Revenues & Volume, By Shallow Water Drilling, 2021 - 2031F |
6.3 India Floating Rigs Market, By End User |
6.3.1 Overview and Analysis |
6.3.2 India Floating Rigs Market Revenues & Volume, By Oil Companies, 2021 - 2031F |
6.3.3 India Floating Rigs Market Revenues & Volume, By Offshore Oil Operators, 2021 - 2031F |
6.3.4 India Floating Rigs Market Revenues & Volume, By Energy Companies, 2021 - 2031F |
6.3.5 India Floating Rigs Market Revenues & Volume, By Exploration Companies, 2021 - 2031F |
6.4 India Floating Rigs Market, By Technology |
6.4.1 Overview and Analysis |
6.4.2 India Floating Rigs Market Revenues & Volume, By FPSO Technology, 2021 - 2031F |
6.4.3 India Floating Rigs Market Revenues & Volume, By Subsea Technology, 2021 - 2031F |
6.4.4 India Floating Rigs Market Revenues & Volume, By Dynamic Positioning, 2021 - 2031F |
6.4.5 India Floating Rigs Market Revenues & Volume, By BOP (Blowout Preventer), 2021 - 2031F |
7 India Floating Rigs Market Import-Export Trade Statistics |
7.1 India Floating Rigs Market Export to Major Countries |
7.2 India Floating Rigs Market Imports from Major Countries |
8 India Floating Rigs Market Key Performance Indicators |
8.1 Average daily charter rates for floating rigs in India |
8.2 Number of new offshore exploration and production projects initiated |
8.3 Utilization rate of floating rigs in Indian waters |
9 India Floating Rigs Market - Opportunity Assessment |
9.1 India Floating Rigs Market Opportunity Assessment, By Rig Type, 2021 & 2031F |
9.2 India Floating Rigs Market Opportunity Assessment, By Application, 2021 & 2031F |
9.3 India Floating Rigs Market Opportunity Assessment, By End User, 2021 & 2031F |
9.4 India Floating Rigs Market Opportunity Assessment, By Technology, 2021 & 2031F |
10 India Floating Rigs Market - Competitive Landscape |
10.1 India Floating Rigs Market Revenue Share, By Companies, 2024 |
10.2 India Floating Rigs Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |
Export potential enables firms to identify high-growth global markets with greater confidence by combining advanced trade intelligence with a structured quantitative methodology. The framework analyzes emerging demand trends and country-level import patterns while integrating macroeconomic and trade datasets such as GDP and population forecasts, bilateral import–export flows, tariff structures, elasticity differentials between developed and developing economies, geographic distance, and import demand projections. Using weighted trade values from 2020–2024 as the base period to project country-to-country export potential for 2030, these inputs are operationalized through calculated drivers such as gravity model parameters, tariff impact factors, and projected GDP per-capita growth. Through an analysis of hidden potentials, demand hotspots, and market conditions that are most favorable to success, this method enables firms to focus on target countries, maximize returns, and global expansion with data, backed by accuracy.
By factoring in the projected importer demand gap that is currently unmet and could be potential opportunity, it identifies the potential for the Exporter (Country) among 190 countries, against the general trade analysis, which identifies the biggest importer or exporter.
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