Global Directional Drilling Market Will Grow Steadily At A CAGR Of 10.42% In Terms Of Over The Period 2014-2019

Researchmoz added Most up-to-date research on "Directional Drilling Market 2015-2019" to its huge collection of research reports.

Directional drilling is a practice of controlling the deviation and direction of a wellbore in order to access the predetermined target zone. The major application of directional drilling are mentioned below:
Horizontal well drilling
Multilateral well drilling
Extended reach drilling

The global directional drilling market is expected to witness steady growth in the forecast period spurred by increasing energy demand, advances in technologies such as MWD and LWD, data analytics and digital oilfield, and sizable investments in countries such as Brazil, Indonesia, China, Mexico, US, and Angola. The Americas dominates the directional drilling market, followed by APAC and EMEA. In terms of services, the largest market share is held by the rotary steerable segment, which is expected to grow at a significant rate in the forecast period.

Technavio's analysts forecast the global directional drilling market to grow at a CAGR of 10.42% in terms of over the period 2014-2019.

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Covered in this report
The report includes the present scenario and the growth prospects of global directional drilling market for 2015-2019. The market can be segmented into five divisions: services and equipment, type of directional well, type of directional drilling, application, and geography.

Technavio's report, Global Directional Drilling Market 2015-2019, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers APAC, EMEA, and Americas; it also covers the landscape of the global directional drilling market and its growth prospects in the coming years. The report includes a discussion of the key vendors operating in this market.

Key geographies
Americas
APAC
EMEA

Key vendors
Baker Hughes
Gyrodata
Halliburton
Schlumberger
Superior Drilling Products
Weatherford International

Other prominent vendors
Calmena Energy Services
Cathedral Energy Services
General Electric Oil & Gas
Leam Drilling Systems
Michels Corporation
Nabors Industries
The Directional Drilling Company

Key market driver
Increasing global oil and gas consumption
For a full, detailed list, view our report

Key market challenge
Low oil prices
For a full, detailed list, view our report

Key market trend
Advances in digital oilfield technology
For a full, detailed list, view our report

Key questions answered in this report
What will the market size be in 2019 and what will the growth rate be?
What are the key market trends?
What is driving this market?
What are the challenges to market growth?
Who are the key vendors in this market space?
What are the market opportunities and threats faced by the key vendors?
What are the strengths and weaknesses of the key vendors?

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