Managed Pressure Drilling Services Market Size - Industry Share Report

“Managed Pressure Drilling Services Market Size, Share, Price | Industry Report 2021” Market Research Report to It’s a Database.

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“The managed pressure drilling services market is expected to grow at a CAGR of 3.8% during the forecast period”

The global managed pressure drilling services market is estimated to be at USD 3.81 billion in 2016, and is projected to reach USD 4.60 billion by 2021, at a CAGR of 3.8% from 2016 to 2021. Managed pressure drilling services are primarily used to control wellbore pressure. The growing energy demand coupled with the maturing onshore oilfields is leading to the requirement for new oil & gas discoveries. Regions such as Africa and Latin America have emerged as attractive prospects for offshore E&P activities, due to their vast unexplored hydrocarbons reserves.

The offshore application of the managed pressure drilling services market is growing at a rapid pace

In terms of application, the offshore segment is expected to have the fastest market growth during the forecast period as managed pressure drilling is preferred in offshore more than onshore because of the high-cost associated with managed pressure drilling. The growth in offshore exploration &recent discoveries in countries such as Angola, Nigeria, and Saudi Arabia and increase in deepwater &ultra deepwater explorations have also contributed to the growth of the market.

Breakdown of Primaries:

In-depth interviews have been conducted with various key industry participants, subject matter experts, and C-level executives of key market players and industry consultants among other experts to obtain & verify critical qualitative & quantitate information as well as assess future market prospects. Distribution of primary interviews is as follows:

• By Company Type: Tier 1 – 40%, Tier 2 – 30%, and Tier 3 – 30%
• By Designation: C-Level – 30%, Director Level – 20%, and Others* – 50%
• By Region: North America – 10%, Europe – 10%, Asia-Pacific – 70%, and Middle East & Africa – 10%

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Key players include:

(Overview, Products & Services, Strategies & Insights, Developments and MnM View)*

• Weatherford International Limited`
• Halliburton Company
• Baker Hughes Inc.
• Schlumberger Limited
• National Oilwell Varco
• Archer Limited
• Aker Solutions
• Ensign Energy Services Inc.
• Eds Group as (Enhanced Drilling)
• Strata Energy Services Inc.
• Blade Energy Partners

Reasons to buy this report:

From an insight perspective, this research has focused on various analysis levels—industry analysis (industry trends), market share analysis of top players, supply chain analysis, and company profiles, which together comprise and discuss the basic views on the competitive landscape; emerging and high-growth segments of the managed pressure drilling services market; high-growth regions; and market drivers, restraints, and opportunities.

The report provides insights on the following pointers:

• Market Penetration: Comprehensive information on galley equipment offered by the top players in the global managed pressure drilling services market
• Product Development/Innovation: Detailed insights on upcoming technologies, research & development activities, and new product launches in the managed pressure drilling services market
• Market Development: Comprehensive information about lucrative emerging markets –the report analyzes the managed pressure drilling services market across regions
• Market Diversification: Exhaustive information about new products, untapped regions, recent developments, and investments in the global managed pressure drilling services market
• Competitive Assessment: In-depth assessment of market shares, strategies, products, and manufacturing capabilities of the leading players in the global managed pressure drilling services market

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