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Directional Drilling Services Market Report
The Directional Drilling Services Market is Segmented by Application Type (Onshore Applications, Offshore Applications), by Drilling Technique Type (Conventional Methods, Rotary Steerable System), by Service Type (LWD, MWD & Survey, RSS, and Motors), and by Region (North America, Europe, Asia-Pacific, and Rest of the World)
The Directional Drilling Services Market is Segmented by Application Type (Onshore Applications, Offshore Applications), by Drilling Technique Type (Conventional Methods, Rotary Steerable System), by Service Type (LWD, MWD & Survey, RSS, and Motors), and by Region ...
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Covid-19 has impacted the market dynamics, competition, and global supply chains. The revenues has gone down in 2020 and may resume an uptrend gradually form 2021. Companies optimizing their operation and statergy will sustain and beat the competition.
Note: The summary below might not have included insights on covid impact since we have large number of reports.
See less...Covid-19 has impacted the market dynamics, competition, and global...
See more...Covid-19 has impacted the market dynamics, competition, and global supply chains. The revenues has gone down in 2020 and may resume an uptrend gradually form 2021. Companies optimizing their operation and statergy will sustain and beat the competition.
Note: The summary below might not have included insights on covid impact since we have large number of reports.
Directional Drilling Services market is likely to witness an impressive CAGR of 5.2% during the forecast period. The increase in demand for drilling of multiple wells from single sites and the mounting production levels through directional drilling are the major factors that are likely to contribute towards the growth of the directional drilling services market during the forecast period.
Directional Drilling Services Market - Snapshot |
|
Growth |
5.2% for the next five years |
Major Application Type |
Onshore |
Fastest-Growing Drilling Technique Type |
Rotary Steerable System |
Major Service Type |
Measurement-While-Drilling (MWD) & Survey |
Region with the highest demand |
North America |
Key Players |
Baker Hughes, a GE Company LLC, Cathedral Energy Services Ltd., Gyrodata Incorporated, Halliburton Company, Jindal Drilling & Industries Limited, Nabors Industries Ltd., National Oilwell Varco, Inc., Schlumberger Limited, Scientific Drilling International, Weatherford International PLC. |
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Based on the application type, the market is segmented as onshore applications and offshore applications. Onshore application is likely to dominate the directional drilling services market during the forecast period, driven by the large number of mature onshore wells, globally.
Based on the drilling technique type, the directional drilling services market is segmented as conventional methods and rotary steerable system. Rotary steerable system is expected to be the faster-growing technique during the forecast period due to the various advantages offered by it, such as reduced drilling time and smoother well bores.
Based on the service type, the market is segmented LWD, MWD & Survey, RSS, and motors. The Measurement-While-Drilling (MWD) & Survey segment is estimated to register the highest growth during the forecast period owing to the ability to incessantly monitor wellbore and the real time directional survey of downhole conditions.
In terms of regions, North America dominated the directional drilling service market in 2019, and is expected to lead the market during the forecast period as well. The region’s market is driven by the growing share of tight oil and shale gas and the use of multi-stage hydraulic fracturing completion technique. Europe and Asia-Pacific are also expected to offer considerable growth opportunities during the forecast period.
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Directional Drilling is a drilling technique which involves controlling the direction and deviation of a wellbore to a targeted location. Directional drilling allows drilling of multiple wells from a single site and provides access to such oil and gas producing zones which can’t be reached with normal vertical-drilling practices.
This report studies the market covering a period of 12 years of trend and forecast. The report provides detailed insights into the market dynamics to enable informed business decision making and growth strategy formulation based on the opportunities present in the market.
Directional Drilling Services Market Research Report - Features |
|
Market Segmentation |
4 |
Regions Covered |
4 |
Countries/Sub-Regions Covered |
17 |
No. of Figures & Tables |
>150 |
Company Profiles |
10 |
The directional drilling services market is segmented into the following categories.
Directional Drilling Services Market Size, Share, & Forecast, by Application Type:
Directional Drilling Services Market Size, Share, & Forecast, by Drilling Technique Type:
Directional Drilling Services Market Size, Share, & Forecast, by Service Type:
Directional Drilling Services Market Size, Share, & Forecast, by Region:
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Some of the major players in the directional drilling services market are-
?This report provides market intelligence in the most comprehensive way. The report structure has been kept such that it offers maximum business value. It provides critical insights into the market dynamics and will enable strategic decision making for the existing market players as well as those willing to enter the market. The following are the key features of the report:
This report offers high-quality insights and is the outcome of detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders and validation and triangulation with Stratview Research’s internal database and statistical tools. More than 1,000 authenticated secondary sources, such as company annual reports, fact book, press release, journals, investor presentation, white papers, patents, and articles have been leveraged to gather the data. We conducted more than 10 detailed primary interviews with the market players across the value chain in all four regions and with industry experts to obtain both the qualitative and quantitative insights.
With this detailed report, Stratview Research offers one of the following free customization options to our respectable clients:
Company Profiling
Market Segmentation
Competitive Benchmarking
Custom Research: Stratview Research offers custom research services across sectors. In case of any custom research requirement related to market assessment, competitive benchmarking, sourcing and procurement, target screening, and others, please send your inquiry at [email protected].
The directional drilling service market is expected to witness an impressive growth of 5.2% CAGR in the foreseeable future.
Baker Hughes, a GE Company LLC, Halliburton Company, National Oilwell Varco, Inc., Schlumberger Limited, and Weatherford International PLC are among the key players in the directional drilling service market.
North America is expected to lead the market for directional drilling service during the next five years.
Onshore application is expected to is expected to remain dominant in the directional drilling service market in the coming years.
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