Directional Drilling Solutions & Services Market Outlook Opportunities 2021: Look New Trending Technology by Top Manufacture and Forecast 2027

The global directional drilling solutions & services market is estimated to exhibit a CAGR of 8.6% over the forecast period.

Increasing number of unconventional and deep-water exploration & production (E&P) and drilling activities and growing demand for higher productivity and efficiency of drilling activities are some of the key factors driving demand for measurement while drilling tool (MWD). This in turn is expected to boost growth of the segment in the market during the forecast period. Moreover, increasing demand for petroleum products and natural gas is leading to extensive drilling, which requires MWD. For instance, according to 2017 World Oil Outlook Report, oil demand for the period 2016–2022 will increase by 6.9 mb/d (millions of barrels per day), from 95.4 mb/d to 102.3 mb/d. This leads to a healthy average annual increase of around 1.2 mb/d.

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To provide information on the competitive landscape, this report includes detailed profiles of major key players of the Directional Drilling Solutions & Services Market Industry: Hunting Energy Services Inc., Calmena Energy Services Inc., Oilwell Solutions, LLC, W-Technology Inc., Micro-Smart Systems Inc., MICROTESLA, Ranger Directional Rentals, WORLD HDD, KWIPPED, Inc., Beijing Hailan Science & Technology Development Co., Limited, Bench Tree (Rentals), Vertex Downhole (Rentals), Weatherford (Rentals), National Oilwell Varco, MWD Supply, Geoglide Australia Pty Ltd., Parker Drilling, and Nabors Industries Ltd.

The Report Provides Insights on the Following Pointers:-
• The comprehensive report analyzes various segments across geographies.
• Detailed insights on the upcoming technologies, innovation, and R&D activities.
• In-depth assessment of the market strategies and business strategy.
• The market development information about the emerging trends and the economy.
• This report covers product portfolios of the top company players.
• Review on competitive assessment, new products launch, and geographical development.

Global Directional Drilling Solutions & Services Market, By Solution:
New Purchase
• Measurement While Drilling (MWD) Tools
• Intelligent Pulser Gamma Module (IPGM)
• Directional Module
• Surface System
• Logging & Tracking Software
• Batteries
• Others
Logging While Drilling (LWD) Tools
• Gamma Ray Tools
• Sonic Tools
• Calliper Tools
• Formation & Testing Tools
• Others
Rotary Steerable System
• Mud Motors
• Others
Rentals
• Measurement While Drilling (MWD) Tools
• Intelligent Pulser Gamma Module (IPGM)
• Directional Module
• Surface System
• Logging & Tracking Software
• Batteries
• Others
Logging While Drilling (LWD) Tools
• Gamma Ray Tools
• Sonic Tools
• Calliper Tools
• Formation & Testing Tools
• Others
Rotary Steerable System
• Mud Motors
• Others

Global Directional Drilling Solutions & Services Market, By Services:
• MWD Services
• LWD Services
• Rotary Steerable System (RSS) Services
• Repair & Maintenance Services
• Consulting & Other Services

Global Directional Drilling Solutions & Services Market, By Application:
• Onshore
• Offshore

Market Dynamics Drivers and Restraints Opportunities:-
The increased sales of automobiles all across the globe are expected to augment the growth of the global Directional Drilling Solutions & Services Market market. Moreover, an increase in disposable income among individuals especially in developing nations is expected to create propulsion in the global market. In addition, the Optical research report also offers a deep analysis of the recently adopted growth strategies and development plans of the industry. This report explores all the key factors affecting the growth of the Directional Drilling Solutions & Services Market market including supply and demand scenario, pricing structure, profit margins.

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Impact of COVID-19:-
The outbreak of the COVID-19 pandemic since December 2019, had a major effect on the growth of the global Directional Drilling Solutions & Services Market market, owing to the unavailability of required manual labor and strict travel rules worldwide, which restricted the movement of raw materials and finished products. Moreover, the sudden closing down of businesses and social distancing laws also affected the work in the manufacturing sector, which in turn affected the global Directional Drilling Solutions & Services Market market.

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This release was published on openPR.