DUBLIN, July 9, 2020 /PRNewswire/ -- The "Global Directional Drilling Market By Type (At-Bit Steerable System, Rotary Steerable System), By Component (Drilling Tool Rental, Rig Rental, Others), By Service, By Technology, By Application, By Field Development Type, By Region, Forecast & Opportunities, 2025" report has been added to ResearchAndMarkets.com's offering.
The Global Directional Drilling Market is expected to grow at a steady rate during the forecast period. The Global Directional Drilling Market is driven by the increasing global energy demand. Additionally, increasing number of discovered wells and growing exploration & production activities are further expected to propel the market through 2025. Furthermore, increasing R&D activities, technological advancements and new product launches by the key players are anticipated to spur the market during forecast years.
The Global Directional Drilling Market can be segmented based on type, component, service, technology, application, field development type, company and region. Based on type, the market can be bifurcated into at-bit steerable system and rotary steerable system. The rotary steerable system is expected to dominate the market during forecast period on account of its affordable costs and improved drilling performance. Based on application, the market can be divided into onshore and offshore. The offshore segment is expected to hold a significant market share owing to the increasing offshore oil & gas E&P activities.
Regionally, the directional drilling market has been segmented into Asia-Pacific, North America, South America, Europe, and Middle East & Africa. Among these regions, North America is expected to dominate the market during forecast period. This can be attributed to the ongoing shale gas production activities in the region.
Major players operating in the Global Directional Drilling Market include Baker Hughes Company, Halliburton Company, Schlumberger Limited, National Oilwell Varco, Inc., Gyrodata Incorporated, Scientific Drilling International, Leam Drilling Systems, LLC, Weatherford International Inc., Jindal Drilling & Industries Limited, Cathedral Energy Services Ltd. and others. The companies are developing advanced technologies and launching new services in order to stay competitive in the market. Other competitive strategies include mergers & acquisitions and new service developments.
Objective of the Study:
- To analyze and forecast the market size of the Global Directional Drilling Market.
- To classify and forecast the Global Directional Drilling Market based on type, component, service, technology, application, field development type, company and regional distribution.
- To identify drivers and challenges for the Global Directional Drilling Market.
- To examine competitive developments such as expansions, new product launches, mergers & acquisitions, etc., in the Global Directional Drilling Market.
- To identify and analyze the profile of leading players operating in the Global Directional Drilling Market.
Key Topics Covered:
1. Product Overview
2. Research Methodology
3. Executive Summary
4. Voice of Customer
5. Global Directional Drilling Market Outlook
5.1. Market Size & Forecast
5.1.1. By Value
5.2. Market Share & Forecast
5.2.1. By Type (At-Bit Steerable System, Rotary Steerable System)
5.2.2. By Component (Drilling Tool Rental, Rig Rental, OCTG Rental, Consumables, Others)
5.2.3. By Service (Drilling, Logging-While-Drilling (LWD), Measurement-While-Drilling (MWD) & Survey, Motors (MUD Motors), Others)
5.2.4. By Technology (Wellbore Positioning, Side Tracking, Well Planning, Others)
5.2.5. By Application (Onshore v/s Offshore)
184.108.40.206. Offshore (Shallow, Deep, Ultra-deep)
5.2.6. By Field Development Type (Greenfield Vs Brownfield)
5.2.7. By Company (2019)
5.2.8. By Region
5.3. Product Market Map
6. Asia-Pacific Directional Drilling Market Outlook
6.1. Market Size & Forecast
6.2. Market Share & Forecast
6.3. Asia-Pacific: Country Analysis
7. Europe Directional Drilling Market Outlook
7.1. Market Size & Forecast
7.2. Market Share & Forecast
7.3. Europe: Country Analysis
8. North America Directional Drilling Market Outlook
8.1. Market Size & Forecast
8.2. Market Share & Forecast
8.3. North America: Country Analysis
9. South America Directional Drilling Market Outlook
9.1. Market Size & Forecast
9.2. Market Share & Forecast
9.3. South America: Country Analysis
10. Middle East and Africa Directional Drilling Market Outlook
10.1. Market Size & Forecast
10.2. Market Share & Forecast
10.3. MEA: Country Analysis
11. Market Dynamics
12. Market Trends & Developments
13. Competitive Landscape
13.1. Baker Hughes Company
13.2. Halliburton Company
13.3. Schlumberger Limited
13.4. National Oilwell Varco, Inc.
13.5. Gyrodata Incorporated
13.6. Scientific Drilling International
13.7. Leam Drilling Systems, LLC
13.8. Weatherford International Inc.
13.9. Jindal Drilling & Industries Limited
13.10. Cathedral Energy Services Ltd.
14. Strategic Recommendations
15. About the author & Disclaimer
For more information about this report visit https://www.researchandmarkets.com/r/23nqab
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