Global Directional Drilling Services Market Study Reveals Growth Factors and Competitive Outlook for Future
Directional drilling services have changed the oil and gas industry. Oil and gas can be extracted cautiously from the deep ocean floor economically using directional drilling. Directional drilling technology rises the area covered by a single rig, and also helps in saving capital expenditure.
Request To Download Sample of This Strategic Report: https://www.kennethresearch.com/sample-request-10220917
Increase in demand for petrochemical and chemical products and increasing exploration and manufacturing activities in various locations and deep waters are enhancing the oil & gas segment of the market. Environmental concerns and Volatility of the crude oil for instance oil volatility is 15% and the prices are 100US$ which means the oil prices may either increase or decrease by 15 % in the near future that may affect the prices during the drilling process and these are the key restraining factors for this market.
The growing demand for enhanced drilling services from developing nations such as India & China along with growing demand to drill deeper and farther offshore, mainly in the unconventional reserve area, is projected to be the key growth opportunity factors for this market over the forecast period.
The directional drilling services market has been categorized into type, services, technology, applications and geography. On the basis of type the market is bifurcated into rotary steerable system and conventional.
Based on service the market is categorized into logging while drilling, RSS, motors, measurement while drilling & survey and others. Global directional drilling services market on the basis of technology is categorized into side tracking, well planning, wellbore positioning, automated drilling system, and torque & drag analysis among others. Application segment is bifurcated into offshore and onshore. The onshore segment held the largest market share in the recent years, due to the aging and maturing of onshore fields.
Offshore oilfield activities are anticipated to hold the major chunk of the market over the forecast period owing to the developments of new projects on ultra-deep waters and deep in the recent years and these projects are growing rapidly. For instance, Shell is drilling in Brazil’s pre-salt basins in order to extract oil and anticipated to contain 80 billion barrels of oil reserves that may cost 40 US$ per barrel.
North America dominated the directional drilling services market in the recent years, due to the drilling of horizontal and directional wells in this region. The U.S. is the leading player in this region due to the growth in energy and power actions for shale gas in the Gulf of Mexico. Asia Pacific region is anticipated to hold the major chunk of directional drilling services market over the forecast period 2018-2025.
This region is majorly driven due to the growing energy and power activities majorly in the countries such as India and China. China is one of the key consumers of oil & gas globally, it has planned to rise the natural gas consumptions as it can be a perfect replace coal as a major energy source owing to stringent government regulation.
Whereas Middle East and Africa are the key market players for energy and power of crude oil. This is anticipated to increase in near future due to the rising production of offshore and onshore exploration activities.
Read More:- https://www.kennethresearch.com/report-details/directional-drilling-services-market/10220917
Directional Drilling Services Market: Key Players
The key players in directional drilling services market are Halliburton Company, weatherford International PLC., GE Oil & Gas, Cathedral Energy Services Ltd., Gyrodata Incorporated, Leam Drilling Systems, LLC., Baker Hughes Incorporated, Schlumberger Limited, Nataional Oilwell Varco, Inc., Nabors industries Ltd., Jindal Drilling & Industries Limited, Scientific Drilling International among other key players.
Email : Sales@kennethresearch.com
Phone: +1 313 462 0609
About Kenneth Research:-
Kenneth Research is a reselling agency providing market research solutions in different verticals such as Automotive and Transportation, Chemicals and Materials, Healthcare, Food & Beverage and Consumer Packaged Goods, Semiconductors, Electronics & ICT, Packaging, and Others. Our portfolio includes set of market research insights such as market sizing and market forecasting, market share analysis and key positioning of the players (manufacturers, deals and distributors, etc), understanding the competitive landscape and their business at a ground level and many more. Our research experts deliver the offerings efficiently and effectively within a stipulated time. The market study provided by Kenneth Research helps the Industry veterans/investors to think and to act wisely in their overall strategy formulation
This release was published on openPR.
Permanent link to this press release:
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Global Directional Drilling Services Market Study Reveals Growth Factors and Competitive Outlook for Future here
News-ID: 1905637 • Views: 256
More Releases from Kenneth Research
Photomask Market Growth Analysis by Revenue, Size, Share, Scenario on Latest Tre …
Kenneth Research provides an extensive study by our analysts which offers forecast assessment by correlating the historical data with key market dynamics. The Photomask Market further includes trends and opportunities that are highlighted, along with the market valuation. The market is segmented by segments and portrays the industry overview along with elaborate description of the market for the forecast period 2020-2025. The report also constitutes future growth statistics which is
Embedded Systems Market 2020 New Innovations Trends, Research, Global Share and …
Kenneth Research provides an extensive study by our analysts which offers forecast assessment by correlating the historical data with key market dynamics. The Embedded Systems Market further includes trends and opportunities that are highlighted, along with the market valuation. The market is segmented by segments and portrays the industry overview along with elaborate description of the market for the forecast period 2020-2025. The report also constitutes future growth statistics which
DNS Service Market : Industry Development Scenario and Forecast to 2025
Global DNS Service Market to reach USD 600 million by 2025.Global DNS Service Market valued approximately USD 230 million in 2016 is anticipated to grow with a healthy growth rate of more than 12% over the forecast period 2018-2025. The DNS Service Market is continuously growing across the world over the coming years. The major driving factor of global DNS Service market are increasing awareness to safeguard the websites from
Xenon Lights Market Growth, Size, Share, Demand, Trends and Manufacturers Analys …
Kenneth Research provides an extensive study by our analysts which offers forecast assessment by correlating the historical data with key market dynamics. The Xenon Lights Market further includes trends and opportunities that are highlighted, along with the market valuation. The market is segmented by segments and portrays the industry overview along with elaborate description of the market for the forecast period 2020-2025. The report also constitutes future growth statistics which
More Releases for Directional
Directional Drilling Services Market Opportunities, Demand and Forecasts (2020-2 …
The overall directional drilling services market is expected to grow from USD 9 Billion in 2018 to USD 18 Billion by 2026 at a CAGR of 9.52% during the forecast period. Increasing demand for onshore exploration activities is expected to boost the global market, reveals Fortune Business Insights in its report, titled "Directional Drilling Market Size, Share and Global Trend By Type, By Service, By Application and Geography Forecast Till
Global Directional Couplers Market Insights, Forecast 2025
The Directional Couplers market was valued at Million US$ in 2018 and is projected to reach Million US$ by 2025, at a CAGR of 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 Couplers. Get sample copy of report: https://www.marketdensity.com/contact?ref=Sample&reportid=125554 Table of Contents 1 Study Coverage 1.1 Directional Couplers Product
Horizontal Directional Drilling Market
https://www.qandqmarketresearch.com/reports/7588092/horizontal-directional-drilling-market-45 The global market size of Horizontal Directional Drilling is $XX million in 2018 with XX CAGR from 2014 to 2018, and it is expected to reach $XX million by the end of 2024 with a CAGR of XX% from 2019 to 2024. Global Horizontal Directional Drilling Market Report 2019 Market Size, Share, Price, Trend and Forecast is a professional and indepth study on the current state of the global Horizontal Directional
Mobile Directional Control Valve Market Insights, Forecast to 2025
The Mobile Directional Control Valve market was valued at Million US$ in 2017 and is projected to reach Million US$ by 2025, at a CAGR of during the forecast period. In this study, 2017 has been considered as the base year and 2018 to 2025 as the forecast period to estimate the market size for Mobile Directional Control Valve. This report presents the worldwide Mobile Directional Control Valve market size (value,
Directional Drilling Market Size, Analysis, and Forecast Report 2017-2027
Market Synopsis of Directional drilling Market Scenario There has been a significant increase in on shore and off shore exploration drilling activities in recent times to cope with the increasing demand for Oil and Natural Gas. Considering high efficiency of directional drilling, in recent times it has garnered immense popularity among market players. With the existing reserves not fulfilling the increasing demand the directional drilling market has tremendous growth potential in
Global Horizontal Directional Drilling Market 2017 Industry Research Report
This report studies Horizontal Directional Drilling in Global market, especially in USA, Europe and China, focuses on top manufacturers in global market, with production, price, revenue and market share for each manufacturer, covering: Vermeer Ditch Witch Herrenknecht AG Toro XCMG Goodeng Machine Dilong Drillto DW/TXS Prime Drilling Huayuan TRACTO-TECHNIK Zoomlion Lianyungang Huanghai Terra CHTC JOVE To Get Sample Copy of Report visit @ http://www.qyresearchreports.com/sample/sample.php?rep_id=1064819&type=E Market Segment by Regions, this report splits Global into several key Regions, with production, consumption, revenue, market share and growth rate of Horizontal Directional