Directional Drilling Services Market Is Expected to Reach $13.87 Billion by 2027 | Top Key Competitors: Schlumberger,Baker Hughes,Halliburton,Weatherford,National Oilwell Varco,Nabors Industries,Leam Drilling Systems LLC,Jindal Drilling & Industries Limit

Directional Drilling Services Market 2027

Market Overview:

The recently released Fortune Business Insights™ research on the Directional Drilling Services Market survey report provides facts and statistics regarding market structure and size. Global Directional Drilling Services Market Industry, 2023-2027 Research report presents an in-depth analysis of the Directional Drilling Services Market size, growth, share, segments, manufacturers, and forecast, competition landscape and growth Opportunities.

The global directional drilling services market size is projected to reach USD 13.87 billion by 2027, at a CAGR of 9.3% during the forecast period. The directional drilling services market size was USD 10.38 billion in 2019.

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Key Industry Developments:

September 2019: Kim Heng Offshore & Marine Holdings was awarded a horizontal directional drilling (HDD) contract. This contract has helped the company to leverage its competitive position in the oil and gas sector.

Major Key Companies Directional Drilling Services Market Covered in The Globally Market:

Schlumberger
Baker Hughes
Halliburton
Weatherford
National Oilwell Varco
Nabors Industries
Leam Drilling Systems LLC
Jindal Drilling & Industries Limited
Gyro data
China Oilfield Services Limited
Phoenix Technology Services
Scientific Drilling
AlMansoori Specialized Engineering
NewTech Services
Integra

Competitive Scenario-

Competitive analysis in the Directional Drilling Services Market involves evaluating the strengths and weaknesses of current and potential competitors in the market. This can help companies identify opportunities for growth and potential threats to their business. This analysis can help companies identify their competitors, understand the competitive environment and identify opportunities and threats. Additionally, it can also help companies to develop strategies to improve their competitiveness in the market.

Growth Factor:

Increasing Offshore Discoveries to Augment Growth

The expansion of reserves and oilfields coupled with ongoing exploration for oil will have a positive influence on the growth of the market during the forecast period. For instance, discoveries such as Alpine high in West Texas, Alaska in U.S., gas discoveries in the Kara Sea off the northwestern part of West Siberia's Yamal Peninsula - Dinkov and Nyarmeyskoye,

Golan Heights in Israel. Moreover, the offshore gas discovery of Stabroek block Tilapia, Yellowtail (oil), and Haimara (gas-condensate), along with Lang Lebah-1RDR2 exploration well will create lucrative opportunities for the market. The growing oil demand will simultaneously enhance the need for gas production and oil field operators, which, in turn, can aid the expansion of the market. The heavy investment in oil & gas discoveries and exploration activities by major companies is predicted to escalate the market.

Market Segmentation:

By Type:

Conventional
Rotary Steerable Systems (RSS)
By Location:

Onshore
Offshore
By Service:

Measurement While Drilling (MWD)
Logging While Drilling (LWD)
Rotary Steerable System
Mud Motors
Others

Regional Analysis and Countries Level Analysis:

North America (U.S. And Canada)

Europe (U.K., Germany, France, Italy, And Rest of Europe)

Asia Pacific (Japan, China, India, Southeast Asia, And Rest of Asia Pacific)

Middle East & Africa (South Africa, Gcc and Rest of Middle East & Africa)

Latin America (Brazil, Mexico, And Rest of Latin America)

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What are the report's objectives?

Directional Drilling Services market report shows the estimated market size for the Market Industry at the end of the forecast period.
The research also looks at historical and current market sizes.
Based on a range of variables, the charts depict year-over-year growth (percent) and compound annual growth rate (CAGR) over the specified anticipated time.
The study includes a market overview, geographical scope, segmentation, and financial performance of the major competitors.
For the forecast period, the study examines the growth rate, market size, and market valuation.

Report & Research:

We utilize data from the demand & supply side and paid databases. All the sources and methodology adopted for gathering data and information are mentioned in our reports.
we provide customization of reports based on your requirements. It will be charged based on the scope of customization. In addition.
we provide data for a particular country and region in our reports as well as customized formats. In our reports, we cover major countries and regions. However, if there is a requirement for a specific region, we would be happy to offer the data.
we provide market share information and insights considering the scope. This service is provided as a part of customization requirements.
we provide particular chapters of the report.

Table of Content:

Key Points from TOC:

Introduction
1.1. Research Scope

1.2. Market Segmentation

1.3. Research Methodology

1.4. Definitions and Assumptions

Executive Summary
Market Dynamics
3.1. Market Drivers

3.2. Market Restraints

3.3. Market Opportunities

Key Insights
4.1 Global Statistics - Key Countries

4.2 New Product Launches

4.3 Pipeline Analysis

4.4 Regulatory Scenario - Key Countries

4.5 Recent Industry Developments - Partnerships, Mergers & Acquisitions

Global Directional Drilling Services Market Analysis, Insights and Forecast
5.1. Key Findings/ Summary

5.2. Market Analysis - By Product Type

5.3. Market Analysis - By Distribution Channel

5.4. Market Analysis - By Countries/Sub-regions

……………

Competitive Analysis
11.1. Key Industry Developments

11.2. Global Market Share Analysis

11.3. Competition Dashboard

11.4. Comparative Analysis - Major Players

Company Profiles
12.1 Overview

12.2 Products & Services

12.3 SWOT Analysis

12.4 Recent developments

12.5 Major Investments

12.6 Regional Market Size and Demand

Strategic Recommendations
TOC Continued……………

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