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(USGovernment-News.Com, May 05, 2018 ) Directional Drilling Services market size will grow from USD 8.74 Billion in 2017 to USD 11.31 Billion by 2023, at an estimated CAGR of 4.39%. The base year considered for the study is 2017, and the market size is projected from 2018 to 2023.
Increasing demand for energy due to industrialization & urbanization, ongoing shale gas revolution, oilfield discoveries are the major factors for driving the market. Directional drilling is the practice of controlling the trajectory and deviation of the well during drilling operations, along a planned path to explore the oil from a targeted position in the typical geologic structural oilfields.The report segments directional drilling services on the basis of its types which include conventional and rotary steerable system.
Conventional type is the fastest growth markets for directional drilling services.In terms of services, MWD & survey hold the largest market share in the directional drilling services market. In terms of applications, the market is dominated by onshore applications but offshore applications are expected to gain traction as well in the foreseeable future.
By Market Players: 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., , , , , , , ,
By Application Onshore Applications , Offshore Applications, , ,
By Type Conventional , Rotary Steerable System, , ,
By Service Rotary Steerable System (RSS) , Logging-While-Drilling(LWD) , Measurement-While-Drilling (MWD) & Survey , Motors (MUD Motors) , Others
The prime objective of this report is to help the user understand the market in terms of its definition, segmentation, market potential, influential trends, and the challenges that the market is facing. Deep researches and analysis were done during the preparation of the report. The readers will find this report very helpful in understanding the market in depth. The data and the information regarding the market are taken from reliable sources such as websites, annual reports of the companies, journals, and others and were checked and validated by the industry experts. The facts and data are represented in the report using diagrams, graphs, pie charts, and other pictorial representations. This enhances the visual representation and also helps in understanding the facts much better.
Points Covered in The Report: The points that are discussed within the report are the major market players that are involved in the market such as manufacturers, raw material suppliers, equipment suppliers, end users, traders, distributors and etc. The complete profile of the companies is mentioned. And the capacity, production, price, revenue, cost, gross, gross margin, sales volume, sales revenue, consumption, growth rate, import, export, supply, future strategies, and the technological developments that they are making are also included within the report. The historical data from 2012 to 2017 and forecast data from 2018 to 2023. The growth factors of the market is discussed in detail wherein the different end users of the market are explained in detail. Data and information by manufacturer, by region, by type, by application and etc, and custom research can be added according to specific requirements. The report contains the SWOT analysis of the market. Finally, the report contains the conclusion part where the opinions of the industrial experts are included.
Key Reasons to Purchase To gain insightful analyses of the market and have comprehensive understanding of the global market and its commercial landscape. Assess the production processes, major issues, and solutions to mitigate the development risk. To understand the most affecting driving and restraining forces in the market and its impact in the global market. Learn about the market strategies that are being adopted by leading respective organizations. To understand the future outlook and prospects for the market.
9.1 Up Stream Industries Analysis 9.1.1 Raw Material and Suppliers 9.1.2 Equipment and Suppliers 9.2 Manufacturing Analysis 9.2.1 Manufacturing Process 9.2.2 Manufacturing Cost Structure 9.2.3 Manufacturing Plants Distribution Analysis 9.3 Industry Chain Structure Analysis Chapter 10 Global and Regional Market Forecast 10.1 Production Market Forecast 10.1.1 Global Market Forecast 10.1.2 Major Region Forecast 10.2 Sales Market Forecast 10.2.1 Global Market Forecast 10.2.2 Major Classification Forecast 10.3 Consumption Market Forecast 10.3.1 Global Market Forecast 10.3.2 Major Region Forecast 10.3.3 Major Application Forecast Chapter 11 Major Manufacturers Analysis 11.1 Baker Hughes Incorporated 11.1.1 Company Introduction
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