Directional Drilling Services Market Size, Share, Price | Industry Report 2021

“Directional Drilling Services Market Size, Share, Price | Industry Report 2021” Market Research Report to It’s a Database.

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The directional drilling services market is projected to reach USD 10.30 billion by 2021, growing at a CAGR of 4.34% during the forecast period. Increasing energy demand due to industrialization & urbanization, shale gas developments, advancement are set to drive the market growth for directional drilling services across the world.

In terms of market, by application, the directional drilling services market in this report has been classified based on the following segments, namely, Onshore & Offshore. Directional drilling is most frequently adopted in onshore applications. This segment is primarily driven by high number of maturing fields in onshore regions and high prevalence of shale gas exploration and production throughout the world. Moreover, the ease of mobility is high in onshore regions which allows for multiple usages of directional drilling services, and is expected to create new revenue pockets for the directional drilling services market during the forecast period.

Breakdown of Primaries:

In-depth interviews have been conducted with various key industry participants, subject matter experts, corporate-level executives of key market players, and industry consultants, among other experts, to obtain and verify critical qualitative and quantitative information, as well as to assess future market prospects. The distribution of primary interviews is as follows:

• By Company Type: Tier 1- 43%, Tier2-33%, and Tier 3-24%
• By Designation: D Level -35%, C Level-25%, and Engineer level-40%
• By Region:Asia-Pacific-45%, Europe-30%, Americas-15%, and RoW-10%

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Key players include:

(Overview, Products & Services, Strategies & Insights, Developments and MnM View)*

• Baker Hughes Incorporated
• Halliburton Company
• Schlumberger Limited
• Weatherford International PLC.
• National Oilwell Varco, Inc.
• Ge Oil & Gas
• Nabors Industries Ltd.
• Cathedral Energy Services Ltd.
• Jindal Drilling & Industries Limited
• Gyrodata Incorporated
• Scientific Drilling International
• Leam Drilling Systems, LLC.

Research Coverage

The report segments the market on the basis of application-onshore & offshore; type- conventional & Rotary steerable system; service- Rotary Steerable Systems (RSS), Logging while drilling (LWD), Measurement while drilling (MWD)& Survey, Motors, and Others; and region-Asia-Pacific, North America, South America, Europe, the Middle East and Africa. Each region has been further analyzed based on key country-level markets.

Why buy this report?

The report identifies and addresses key markets for directional drilling which is useful for suppliers and OEMs to review production and distribution plans
The report helps manufacturers to understand the pulse of the market and provides insights on drivers, restraints, and challenges. The report includes analysis for key countries by type of application, i.e., onshore and offshore. It analyzes historical trends and also forecast for 2021 assisting in strategic decision making

The report will help OEMs to better understand their competitor’s strategies and will help in making strategic decisions. It also presents competition by analyzing recent market developments such as key contracts, expansions, and new product launches from the key global market players. It helps understand the competition strategies and plan respective initiatives

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