The Directional Drilling Services Market is expected to grow at a CAGR of approximately 5% during the forecast period 2021-2027.
Directional drilling controls the trajectory and deviation of the well during drilling operations. It exits the well and explores the oil field at the target location. The shale gas revolution, increasing energy demand due to urbanization and industrialization, and the discovery of oil fields in onshore and offshore regions are the major factors driving the directional drilling services market. Horizontal directional drilling (HDD) or directional boring is a steerable trenchless method of laying conduits, cables, and underground pipes with minimal impact to continuous areas. HDDs are mainly used in utility installations, cable laying, and underground construction.
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Market Segments
By Application
- Onshore Applications
- Offshore Applications
By Service
- Rotary Steerable System (RSS)
- Logging-While-Drilling(LWD)
- Measurement-While-Drilling (MWD) & Survey
- Motors (MUD Motors)
- Others
By Type
- Conventional
- Rotary Steerable System
Key Players
Key players operating in the global directional drilling services market include Halliburton Company, Baker Hughes Incorporated, National Oilwell Varco, Inc., Weatherford International plc, Jindal Drilling & Industries Limited, Cathedral Energy Services Ltd., and Schlumberger Limited.
Scope of the Report
The research study analyzes the global Directional Drilling Services industry from 360-degree analysis of the market thoroughly delivering insights into the market for better business decisions, considering multiple aspects some of which are listed below as:
Recent Developments
o Market Overview and growth analysis
o Import and Export Overview
o Volume Analysis
o Current Market Trends and Future Outlook
o Market Opportunistic and Attractive Investment Segment
Geographic Coverage
o North America Market Size and/or Volume
o Latin America Market Size and/or Volume
o Europe Market Size and/or Volume
o Asia-Pacific Market Size and/or Volume
o Rest of the world Market Size and/or Volume
Key Questions Answered by Directional Drilling Services Market Report
1. What was the Directional Drilling Services Market size in 2019 and 2020; what are the estimated growth trends and market forecast (2021-2027).
2. What will be the CAGR of the Directional Drilling Services Market during the forecast period (2021-2027)?
3. Which segments (product type/applications/end-user) were most attractive for investments in 2021? How these segments are expected to grow during the forecast period (2021-2027).
4. Which manufacturer/vendor/players in the Directional Drilling Services Market was the market leader in 2020?
5. Overview on the existing product portfolio, products in the pipeline, and strategic initiatives taken by key vendors in the market.
The report covers the following objectives:
- Proliferation and maturation of trade in the global Directional Drilling Services market.
- The market share of the global Directional Drilling Services market, supply and demand ratio, growth revenue, supply chain analysis, and business overview.
- Current and future market trends that are influencing the growth opportunities and growth rate of the global Directional Drilling Services market.
- Feasibility study, new market insights, company profiles, investment return, revenue (value), and consumption (volume) of the global Directional Drilling Services market.
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