Directional Drilling Services Market
Directional Drilling Services Market Global Industry Assessment & Forecast
#
Pages:
169
2021
Nov - 2021
VMR-2021-0467
Segments Covered
By
Application Onshore Applications, Offshore Applications
-
By
Service Rotary Steerable System (RSS), Logging-While-Drilling(LWD), Measurement-While-Drilling (MWD) & Survey, Motors (MUD Motors), Others
-
By
Type Conventional, Rotary Steerable System
Snapshot
 Forecast
Years:
|
2021 - 2028 |
 Historical
Years:
|
2016 - 2020 |
 Revenue
2021: |
2.3 Billion |
 Revenue 2028:
|
3.22 Billion |
 Revenue CAGR
(2021 - 2028): |
4.31 |
Fastest Growing Region (2022 -
2028)
|
North America |
Customization Offered
Cross-segment Market Size and
Analysis
for Mentioned Segments- Additional Company Profiles (Upto 5
With
No Cost)
- Additional Countries (Apart From
Mentioned Countries)
- Country/Region-specific Report
- Go To Market Strategy
- Region Specific Market Dynamics
- Region Level Market Share
- Import Export Analysis
- Production Analysis
- Others Request
Customization Speak To
Analyst
Application Analysis: Preview On the basis of Application,
the market is segmented into Onshore Applications, Offshore Applications. Onshore held the highest
share in the global Directional Drilling Services market and
is projected to witness the same trend during the forecast period. Service Analysis:
Preview Based on Service,
the market is segmented into Rotary Steerable System (RSS), Logging-While-Drilling(LWD), Measurement-While-Drilling (MWD) & Survey, Motors (MUD Motors), Others. Measurement-While-Drilling (MWD) & Survey accounted
for the highest market share and is expected to grow at a significant CAGR from
2021 to 2028. Type Analysis:
Preview
Based
on Type, the market is segmented into Conventional, Rotary Steerable System. Rotary Steerable System
dominates the global Directional Drilling Services
market and is expected to continue the same trend from 2021 to 2028.
Global Directional Drilling Services Market: Application Segment Analysis
-
- Onshore Applications
- Offshore Applications
Global Directional Drilling Services Market: Service Segment Analysis
-
- Rotary Steerable System (RSS)
- Logging-While-Drilling(LWD)
- Measurement-While-Drilling (MWD) & Survey
- Motors (MUD Motors)
- Others
Global Directional Drilling Services Market: Type Segment Analysis
-
- Conventional
- Rotary Steerable System
FAQ
Frequently Asked Question
What is the global demand for Directional Drilling Services in terms of revenue?
-
The global Directional Drilling Services valued at 2.3 Billion in 2020 and is expected to reach 3.22 Billion in 2028 growing at a CAGR of 4.31%.
Which are the prominent players in the market?
-
The prominent players in the market are National Oilwell Varco Inc., Ge Oil & Gas, Cathedral Energy Services Ltd., Baker Hughes Incorporated, Schlumberger Limited, Leam Drilling Systems LLC., Halliburton Company, Scientific Drilling International, Nabors Industries Ltd., Weatherford International PLC., Jindal Drilling & Industries Limited, Gyrodata Incorporated..
At what CAGR is the market projected to grow within the forecast period?
-
The market is project to grow at a CAGR of 4.31% between 2021 and 2028.
What are the driving factors fueling the growth of the market?
-
The driving factors of the Directional Drilling Services include
- The demand for energy is increase in this current senario. With both the increasing population growth as well as higher standard of living for many people in developed and developing countries is generating strong growth in energy demand and supporting the growth of the marketb in the years to come.
- The increased advanced technological developments is anticipated to augment the growth of the market in the years to come.
Which region accounted for the largest share in the market?
-
North America was the leading regional segment of the Directional Drilling Services in 2020.
