Press release
Drilling Services Market Size, Share, Landscape, Industry Analysis, Business Outlook, Current and Future Growth by 2028
๐๐ก๐๐ญ ๐๐จ๐๐ฌ ๐ญ๐ก๐ ๐๐๐ฉ๐จ๐ซ๐ญ ๐๐ง๐๐ฅ๐ฎ๐๐?
The Drilling Services Market report includes quantitative and qualitative analysis of several factors such as the key drivers and restraints that will impact growth. Additionally, the report provides insights into the regional analysis that covers different regions, which are contributing to the growth of the market. It includes the competitive landscape that involves the leading companies and the adoption of strategies by them to introduce new products, announce partnerships, and collaboration that will further contribute to the growth of the market between 2020 and 2026. Moreover, the research analyst has adopted several research methodologies such as PESTEL and SWOT analysis to extract information about the current trends and industry developments that will drive the Drilling Services Market growth in the forthcoming years.
๐๐๐ญ ๐ ๐ฌ๐๐ฆ๐ฉ๐ฅ๐ ๐๐จ๐ฉ๐ฒ ๐จ๐ ๐ญ๐ก๐ ๐ซ๐๐ฉ๐จ๐ซ๐ญ ๐๐ญ- https://www.fortunebusinessinsights.com/enquiry/request-sample-pdf/104784
๐๐๐๐ฌ๐จ๐ง๐ฌ ๐ญ๐จ ๐๐ฎ๐ฒ ๐ญ๐ก๐ข๐ฌ ๐ซ๐๐ฉ๐จ๐ซ๐ญ:
โข To get a full overview of Drilling Services Market
โข To get complete information about the major players in this industry, their product portfolios and the key strategies adopted by the players.
โข To better understand the countries / regions of Drilling Services Market
๐๐๐ฌ๐๐๐ซ๐๐ก ๐๐๐ญ๐ก๐จ๐๐จ๐ฅ๐จ๐ ๐ฒ:
We follow a robust research methodology that involves data triangulation based on top-down, bottom-up approaches, and validation of the estimated market numbers through primary research. The information used to estimate the market size and forecast for various segments at the global, regional, and country-level is derived from the most credible published sources and through interviews with the right stakeholders.
The Growth rate or CAGR exhibited by a market for a certain forecast period is calculated on the basis of various factors and their level of impact on the market. These factors include market drivers, restraints, industry challenges, market and technological developments, market trends, etc.
๐๐ข๐ฌ๐ญ ๐จ๐ ๐๐จ๐ฉ ๐๐๐ฒ ๐๐๐ง๐ฎ๐๐๐๐ญ๐ฎ๐ซ๐๐ซ๐ฌ:
Sumitomo Precision Products Co (Japan)
Siemens (Germany)
DV8 Technology Ltd. (UK)
REFLEX NOW (Australia)
Motive Drilling Technologies (U.S.)
Kearfott Corporation (U.S.)
ION Geophysical (U.S.)
Zupt, LLC (U.S.)
KLX Energy Services (U.S.)
Welltec (Denmark)
International Drilling Services LLC (Oman)
Boart Longyear (U.S.)
The Weir Group PLC (UK)
AlMansoori Specialized Engineering (United Arab Emirates)
Leam Drilling Systems LLC (U.S.)
Petrofac (UK)
Superior Energy Services (U.S.)
VES Survey International (U.S.)
Unitech Drilling Company Limited (Nigeria)
Compass Directional Guidance, Inc. (U.S.)
Oceaneering (U.S.)
TechnipFMC (UK)
Halliburton (U.S.)
Inertial Sensing One AB (Sweden)
Axis Mining Technology (Australia)
Devico AS (Norway)
Stockholm Precision Tools AB (SPT) (Sweden)
Gyrodata (U.S.)
Emerson (U.S.)
Schneider Electric (France)
Erdos Miller (U.S.)
Oliden Technology (U.S.)
Gyro Australia (Australia)
Phoenix Technology Services (Canada)
Center Drill Inc. (U.S.)
Gyro Drilling (Netherlands)
JAE (Japan)
Radial Drilling Services, Inc. (U.S.)
Integra (Russia)
JINDAL DRILLING & INDUSTRIES LTD. (India)
NewTech Services (Russia)
NOV (U.S.)
Huracan Pty Ltd. (Australia)
Baker Hughes (U.S.)
Archer - the well company (Norway)
DIDRILLSA LTDA (Colombia)
Drill Tech Solution (Azerbaijan)
China Oilfield Services Limited (China)
AnTech (UK)
Weatherford (Switzerland)
Nabors Industries (U.S.)
Scientific Drilling (U.S.)
Brownline (Netherlands)
Icefield Tools Corporation (Canada)
Schlumberger (U.S.)
Research covers current market size and growth rates based on 5 year records with company highlights of major players / manufacturers
๐๐ซ๐ข๐ฏ๐๐ซ๐ฌ & ๐๐๐ฌ๐ญ๐ซ๐๐ข๐ง๐ญ๐ฌ
Sharp Decline in Oil Demand amid COVID-19 to Stall Market Growth
The drilling services market growth is confronting unprecedented challenges thrown in its way by the outbreak of the COVID-19 pandemic. According to the IEA, world energy demand dropped by 5% in 2020, with oil demand contracting by 8% and coal demand by 7%. The major reasons for this historic decline in fossil fuel energy sources include the speedy adoption of remote working facilities when the pandemic broke out, nationwide lockdowns, and a sudden dip in electricity demand as commercial spaces were temporarily closed down. The cumulative effects of these developments can be seen on oil prices, which were already volatile due to the Saudi-Russia oil supply war. In April 2020, for instance, crude oil prices went into negative territory on account of the precipitous fall in oil demand. In December 2020, as the new coronavirus strain gripped the world, oil prices dropped by 3%. Weak investments and delays in exploration projects amid the COVID-19 pandemic will, thus, limit the adoption of drilling services in the oil and gas industry.
๐๐๐ฏ๐ ๐๐ง๐ฒ ๐๐ฎ๐๐ซ๐ฒ? ๐๐ฉ๐๐๐ค ๐ญ๐จ ๐๐ฎ๐ซ ๐๐ง๐๐ฅ๐ฒ๐ฌ๐ญ ๐๐ญ
https://www.fortunebusinessinsights.com/enquiry/speak-to-analyst/104784
๐๐๐ ๐ข๐จ๐ง๐๐ฅ ๐๐ง๐ฌ๐ข๐ ๐ก๐ญ๐ฌ
Increasing Oil Production in the US to Aid the North America Market Growth
North America is expected to dominate the drilling services market share during the forecast period owing to the rising production level of oil & gas in the US and Canada. Moreover, drilling technologies are being extensively employed in the US to discover shale gas reserves, which will put the US at the forefront of the hydrocarbon industry. In 2019, the North America market size stood at USD 4.93 billion.
In Asia Pacific, the Drilling Services Market is anticipated to experience prolific growth on account of the abundant availability of mineral and metal reserves spread across the region, which will stoke the demand for drilling services. On the other hand, the market in the Middle East & Africa is likely to undergo speedy expansion due to the rich presence of oil reserves in this region.
๐๐ข๐ ๐ก๐ฅ๐ข๐ ๐ก๐ญ๐ฌ ๐จ๐ ๐ญ๐ก๐ ๐ซ๐๐ฉ๐จ๐ซ๐ญ:
โข Detailed information on the latest industry trends, opportunities and challenges
โข In-depth analysis of the drivers and barriers to growth
โข Competitive landscape made up of investments, agreements, contracts, new product launches, strategic collaborations and mergers and acquisitions
โข List of segments and niche areas
โข Full details on the strategies adopted by the main players
With tables and figures helping analyze global Drilling Services Market trends, this research provides key statistics on the state of the industry and is a valuable source of advice and guidance for businesses and individuals interested in the Drilling Services Market. Marlet
๐๐ฎ๐ซ๐๐ก๐๐ฌ๐ ๐ ๐ฎ๐ฅ๐ฅ ๐๐๐ฉ๐จ๐ซ๐ญ ๐๐ญ -
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๐๐จ๐ง๐ญ๐๐๐ญ:
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Email: sales@fortunebusinessinsights.com
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๐๐๐จ๐ฎ๐ญ ๐๐ฌ
Fortune Business Insightsโข offers expert corporate analysis and accurate data, helping organizations of all sizes make timely decisions. Our reports contain a unique mix of tangible insights and qualitative analysis to help companies achieve sustainable growth. Our team of experienced analysts and consultants use industry-leading research tools and techniques to compile comprehensive market studies, interspersed with relevant data.
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