Directional Drilling Service Market – Opportunities in Key Application Sectors by 2025

The report "Directional Drilling Service Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2017 - 2025 ", has been prepared based on an in-depth market analysis with inputs from industry experts.

The main objective of this report is to define, describe, and forecast the global “Directional Drilling Service ” market on the basis of types of applications, major sectors, deployment models, organization size, and regions. The report contains an analysis of the major factors influencing the growth of the market (drivers, restraints, opportunities, and challenges). It aims to strategically analyze the micromarkets with respect to individual growth trends, prospects, and their contribution to the market. The report attempts to forecast the market size for 5 major regions, namely, North America, Europe, Asia Pacific (APAC), Middle East and Africa (MEA), and Latin America. It contains key vendor profiles and comprehensively analyzes their core competencies. The report also tracks and analyzes competitive developments, including partnerships, collaborations, acquisitions, new product developments, and R&D activities in the market.

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Directional drilling controls the trajectory and deviation of the well during drilling operations. It deviates a wellbore and explore the oilfields from a targeted location. Rise in energy demand due to the shale gas revolution, urbanization & industrialization, and oilfield discoveries in onshore as well as offshore locations are major factors driving the directional drilling service market. Horizontal directional drilling (HDD) or directional boring is a steerable trenchless method of installing conduits, cables, and underground pipes with minimum effect to the contiguous area. HDD is primarily used for utility installation, cable laying, and underground construction.

Directional drilling services have transformed the oil and gas industry. Oil and gas can be extracted economically from the deep ocean floor using directional drilling. It is also used to deplete and formerly abandoned oil wells. Directional drilling technology increases the area covered by a single rig, saving capital expenditure. Increase in demand for chemical and petrochemicals products and rise in exploration and production activities in distant locations and deep waters are boosting the oil & gas segment of the market. Volatility of the crude oil market and environmental concerns during drilling operation are restraining the directional drilling services market.

The direction drilling services market can be segmented based on application, type, services, and region. In terms of application, the market can be bifurcated into onshore and offshore. Based on types, the market can be split into conventional and rotary steerable system. The conventional segment is expected to holds a major share of the market in Asia Pacific due to rapid urbanization & industrialization in the region. In terms of services, the direction drilling services market can be divided into measurement while drilling (MWD) & survey, logging while drilling (LWD), motors, rotary steerable system (RSS), and others (automated drilling systems, well bore positioning, side tracking, hydraulics, well planning, drag analysis, and torque). The rotary steerable system (RSS) segment is expected to account for a major share of the directional drilling services market due to the increase in use of directional and horizontal drilling activities in exploration and production (E&P) of shale gas.

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Based on region, the directional drillings services market can be segmented into North America, Latin America, Asia Pacific, Europe, and Middle East & Africa. North America is a dominating market for directional drilling services as most of the directional and horizontal wells are drilled in the region. In North America, the evolution of the directional drilling services market can be ascribed to factors such as drilling activity for shale gas in countries like U.S. and Canada. The U.S. is the dominant player in this region owing to the increase in E&P activities for shale gas in the Gulf of Mexico. The market in North America is followed by Asia Pacific, which is also driven by E&P activities in China and India. China is one of the major consumers of oil & gas, was planned to increase natural gas consumption as it seems to be replace coal as a chief energy source due to stringent government regulation. Middle East and Africa is also key market player for E&P of crude oil. This is expected to increase in near future due to the increase in production of onshore and offshore exploration activities. However, uncertainty of the upstream oil market and low crude oil prices increases the focus on renewable energy, which can restrain the directional drilling services market.

Key players operating in the global directional drilling services market include, Halliburton Company, Baker Hughes Incorporated, National Oil well Varco, Inc., Weatherford International plc, Jindal Drilling & Industries Limited, Cathedral Energy Services Ltd., and Schlumberger Limited.

The report offers a comprehensive evaluation of the market. It does so via in-depth qualitative insights, historical data, and verifiable projections about market size. The projections featured in the report have been derived using proven research methodologies and assumptions. By doing so, the research report serves as a repository of analysis and information for every facet of the market, including but not limited to: Regional markets, technology, types, and applications.

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The study is a source of reliable data on:

Market segments and sub-segments
Market trends and dynamics
Supply and demand
Market size
Current trends/opportunities/challenges
Competitive landscape
Technological breakthroughs
Value chain and stakeholder analysis
The regional analysis covers:

North America (U.S. and Canada)
Latin America (Mexico, Brazil, Peru, Chile, and others)
Western Europe (Germany, U.K., France, Spain, Italy, Nordic countries, Belgium, Netherlands, and Luxembourg)
Eastern Europe (Poland and Russia)
Asia Pacific (China, India, Japan, ASEAN, Australia, and New Zealand)
Middle East and Africa (GCC, Southern Africa, and North Africa)
The report has been compiled through extensive primary research (through interviews, surveys, and observations of seasoned analysts) and secondary research (which entails reputable paid sources, trade journals, and industry body databases). The report also features a complete qualitative and quantitative assessment by analyzing data gathered from industry analysts and market participants across key points in the industry’s value chain.

A separate analysis of prevailing trends in the parent market, macro- and micro-economic indicators, and regulations and mandates is included under the purview of the study. By doing so, the report projects the attractiveness of each major segment over the forecast period.

Highlights of the report:

A complete backdrop analysis, which includes an assessment of the parent market
Important changes in market dynamics
Market segmentation up to the second or third level
Historical, current, and projected size of the market from the standpoint of both value and volume
Reporting and evaluation of recent industry developments
Market shares and strategies of key players
Emerging niche segments and regional markets
An objective assessment of the trajectory of the market
Recommendations to companies for strengthening their foothold in the market

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