Press release
Directional Drilling Market 2019-2025|Major Players- Halliburton, Schlumberger, Weatherford, Cathedral Energy Services, Directional Technologies, Ensco, Gyrodata, Jindal Drilling and Industries, LEAM Drilling Systems, MOTIVE DRILLING TECHNOLOGIES
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Directional drilling is the practice of deviating the wellbore along a planned path to a specific location (also known as target location). The target location is predetermined and is at a given lateral distance and direction from the vertical. Directional drilling is carried out as vertically as possible from a given true vertical depth (TVD).
The increase in the number of deepwater and ultra-deepwater drilling projects will be one of the major factors that will have a positive impact on the growth of the market. The rise in the number of drilling projects, the need for directional drilling services is certain to increase due to a variety of applications provided by it for drilling or production project. For instance, In January 2017, BP (British Petroleum) started a major project, Thunder Horse South Expansion, in the Gulf of Mexico almost a year before its scheduled time. Such projects will increase production of crude oil production.
The market has the presence of a considerable number of manufacturers and appears to be highly competitive. The manufacturers in the market are investing in research and development to increase the drilling performance. The level of competition among the players will intensify in the coming years due to the increase in technological innovations, product extensions, and the increase in M&A.
In terms of geographic regions, the Americas will be the major revenue contributor to the market among recent years. The increase in energy demand in the US, Mexico, and Canada makes North America the second largest consumer of crude oil across the globe. The support from the government of various countries towards exploration and drilling activities will drive the demand for directional drilling in this region.
The Directional Drilling market was valued at xx Million US$ in 2018 and is projected to reach xx Million US$ by 2025, at a CAGR of xx% during the forecast period. In this study, 2018 has been considered as the base year and 2019 to 2025 as the forecast period to estimate the market size for Directional Drilling.
This report presents the worldwide Directional Drilling market size (value, production and consumption), splits the breakdown (data status 2014-2019 and forecast to 2025), by manufacturers, region, type and application.
This study also analyzes the market status, market share, growth rate, future trends, market drivers, opportunities and challenges, risks and entry barriers, sales channels, distributors and Porter's Five Forces Analysis.
The following manufacturers are covered in this report:
Baker Hughes
Halliburton
Schlumberger
Weatherford
Cathedral Energy Services
Directional Technologies
Ensco
Gyrodata
Jindal Drilling and Industries
LEAM Drilling Systems
MOTIVE DRILLING TECHNOLOGIES
Nabors Industries
National Oilwell Varco
Seadrill
SCIENTIFIC DRILLING INTERNATIONAL
TRANSOCEAN
Directional Drilling Breakdown Data by Type
Gas
Oil
Others
Directional Drilling Breakdown Data by Application
Onshore
Offshore
Directional Drilling Production by Region
United States
Europe
China
Japan
Other Regions
Directional Drilling Consumption by Region
North America
United States
Canada
Mexico
Asia-Pacific
China
India
Japan
South Korea
Australia
Indonesia
Malaysia
Philippines
Thailand
Vietnam
Europe
Germany
France
UK
Italy
Russia
Rest of Europe
Central & South America
Brazil
Rest of South America
Middle East & Africa
GCC Countries
Turkey
Egypt
South Africa
Rest of Middle East & Africa
In this study, the years considered to estimate the market size of Directional Drilling :
History Year: 2014 - 2018
Base Year: 2018
Estimated Year: 2019
Forecast Year: 2019 - 2025
This report includes the estimation of market size for value (million USD) and volume (K Units). Both top-down and bottom-up approaches have been used to estimate and validate the market size of Directional Drilling market, to estimate the size of various other dependent submarkets in the overall market. Key players in the market have been identified through secondary research, and their market shares have been determined through primary and secondary research. All percentage shares, splits, and breakdowns have been determined using secondary sources and verified primary sources.
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Table of Contents
1 Study Coverage
1.1 Directional Drilling Product
1.2 Key Market Segments in This Study
1.3 Key Manufacturers Covered
1.4 Market by Type
1.4.1 Global Directional Drilling Market Size Growth Rate by Type
1.4.2 Gas
1.4.3 Oil
1.4.4 Others
1.5 Market by Application
1.5.1 Global Directional Drilling Market Size Growth Rate by Application
1.5.2 Onshore
1.5.3 Offshore
1.6 Study Objectives
1.7 Years Considered
2 Executive Summary
2.1 Global Directional Drilling Market Size
2.1.1 Global Directional Drilling Revenue 2014-2025
2.1.2 Global Directional Drilling Production 2014-2025
2.2 Directional Drilling Growth Rate (CAGR) 2019-2025
2.3 Analysis of Competitive Landscape
2.3.1 Manufacturers Market Concentration Ratio (CR5 and HHI)
2.3.2 Key Directional Drilling Manufacturers
2.3.2.1 Directional Drilling Manufacturing Base Distribution, Headquarters
2.3.2.2 Manufacturers Directional Drilling Product Offered
2.3.2.3 Date of Manufacturers Enter into Directional Drilling Market
2.4 Key Trends for Directional Drilling Markets & Products
3 Market Size by Manufacturers
3.1 Directional Drilling Production by Manufacturers
3.1.1 Directional Drilling Production by Manufacturers
3.1.2 Directional Drilling Production Market Share by Manufacturers
3.2 Directional Drilling Revenue by Manufacturers
3.2.1 Directional Drilling Revenue by Manufacturers (2014-2019)
3.2.2 Directional Drilling Revenue Share by Manufacturers (2014-2019)
3.3 Directional Drilling Price by Manufacturers
3.4 Mergers & Acquisitions, Expansion Plans
4 Directional Drilling Production by Regions
4.1 Global Directional Drilling Production by Regions
4.1.1 Global Directional Drilling Production Market Share by Regions
4.1.2 Global Directional Drilling Revenue Market Share by Regions
4.2 United States
4.2.1 United States Directional Drilling Production
4.2.2 United States Directional Drilling Revenue
4.2.3 Key Players in United States
TOC continued…!
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