Global Directional Drilling Market 2019-2023
- Published: Feb 2019
- Pages: 125
- SKU: IRTNTR30930
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The global directional drilling market size will grow by USD 4.36 billion during 2019-2023. The report offers an analysis of the market based on application (onshore and offshore) and geography (APAC, Europe, MEA, North America, and South America). The market research report further analyzes the market’s competitive landscape and offers information on several companies including BAKER HUGHES, a GE Company, Halliburton, Schlumberger Limited, Scientific Drilling International, and Weatherford.
Below are some of the key findings from the directional drilling market research report
See the complete table of contents and list of exhibits, as well as selected illustrations and example pages from the report.
Global directional drilling industry overview
Increasing investments in offshore projects will drive directional drilling market growth in the forthcoming years. Offshore projects involve higher capital investments and receive returns on investments over an extended period. However, the cost involved in offshore oil and gas projects has decreased over the years due to technological advances. As a result of the reduction in breakeven costs of offshore oil and gas drilling projects will further increase investments in these projects, in turn, boosting the market growth.
The integration of these drilling technologies in modern equipment is one of the key trends likely to gain traction during the next few years. There has been an increasing focus on advancing the oil and gas equipment for reducing the total drilling time and the cost of drilling for enhancing the profitability of companies. This also improves the productivity of oil and gas drilling activities. Technological improvements to the modern oil and gas drilling equipment will further contribute significantly to the directional drilling market growth in the forthcoming years. As a result, the market will register a CAGR of over 7% during the forecast period.
Top companies covered in the directional drilling market research report
The directional drilling market is highly fragmented with companies focusing on strengthening partnerships for catering to the evolving end-user requirements. By offering a complete analysis of the market’s competitive landscape and with information on the products offered by companies, the industry analysis report will aid clients to identify new growth opportunities and design new growth strategies.
The report offers a complete analysis of various companies including:
- BAKER HUGHES, a GE Company
- Halliburton
- Schlumberger Limited
- Scientific Drilling International
- Weatherford
Directional drilling market segmentation based on geographic regions
- APAC
- Europe
- MEA
- North America
- South America
With a complete study of the growth opportunities for the companies, it has been estimated that North America will account for the highest market share in the forthcoming years. The increasing number of oil and gas drilling activities in the US and Canada is one of the factors driving directional drilling market growth in the region. Also, the stabilization of global crude oil prices in favor of improving the profitability of oil and gas upstream companies is driving the growth of the market.
Directional drilling market segmentation based on application
- Onshore
- Offshore
The onshore directional drilling segment will account for the highest directional drilling market share. The report provides an accurate prediction of the contribution of the various application segments to the growth of the directional drilling market size.
Key highlights of the global directional drilling market for the forecast years 2019-2023:
- CAGR of the market during the forecast period 2019-2023
- Detailed information on factors that will accelerate the growth of the directional drilling market during the next five years
- Precise estimation of the global directional drilling market size and its contribution to the parent market
- Accurate predictions on upcoming trends and changes in consumer behavior
- The growth of the industry across APAC, Europe, MEA, North America, and South America
- A thorough analysis of the market’s competitive landscape and detailed information on several vendors
- Comprehensive details on the factors that will challenge the growth of the companies
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PART 01: EXECUTIVE SUMMARY
PART 02: SCOPE OF THE REPORT
- 2.1 Preface
- 2.2 Preface
- 2.3 Currency conversion rates for US$
PART 03: MARKET LANDSCAPE
- Market ecosystem
- Market characteristics
- Market segmentation analysis
PART 04: MARKET SIZING
- Market definition
- Market sizing 2018
- Market size and forecast 2018-2023
PART 05: FIVE FORCES ANALYSIS
- Bargaining power of buyers
- Bargaining power of suppliers
- Threat of new entrants
- Threat of substitutes
- Threat of rivalry
- Market condition
PART 06: MARKET SEGMENTATION BY APPLICATION
- Market segmentation by application
- Comparison by application
- Onshore - Market size and forecast 2018-2023
- Offshore - Market size and forecast 2018-2023
- Market opportunity by application
PART 07: CUSTOMER LANDSCAPE
PART 08: GEOGRAPHIC LANDSCAPE
- Geographic segmentation
- Geographic comparison
- North America - Market size and forecast 2018-2023
- APAC - Market size and forecast 2018-2023
- Europe - Market size and forecast 2018-2023
- MEA - Market size and forecast 2018-2023
- South America - Market size and forecast 2018-2023
- Key leading countries
- Market opportunity
PART 09: DRIVERS AND CHALLENGES
- Market drivers
- Market challenges
PART 10: MARKET TRENDS
- Integrated directional drilling technologies
- Artificial intelligence in directional drilling
- Collaboration of oil and gas companies
PART 11: VENDOR LANDSCAPE
- Overview
- Landscape disruption
- Competitive scenario
PART 12: VENDOR ANALYSIS
- Vendors covered
- Vendor classification
- Market positioning of vendors
- BAKER HUGHES, a GE Company
- Halliburton
- Schlumberger Limited
- Scientific Drilling International
- Weatherford
PART 13: APPENDIX
- Research methodology
- List of abbreviations
Research Framework
Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.
INFORMATION SOURCES
Primary sources
- Manufacturers and suppliers
- Channel partners
- Industry experts
- Strategic decision makers
Secondary sources
- Industry journals and periodicals
- Government data
- Financial reports of key industry players
- Historical data
- Press releases
DATA ANALYSIS
Data Synthesis
- Collation of data
- Estimation of key figures
- Analysis of derived insights
Data Validation
- Triangulation with data models
- Reference against proprietary databases
- Corroboration with industry experts
REPORT WRITING
Qualitative
- Market drivers
- Market challenges
- Market trends
- Five forces analysis
Quantitative
- Market size and forecast
- Market segmentation
- Geographical insights
- Competitive landscape
Key Questions Answered
- What are the key global market and the regional market share?
- What are the revenue-generating key market segments?
- What are the key factors driving and challenging this market’s growth?
- Who are the key market vendors and their growth strategies?
- What are the latest trends influencing the growth of this market?
- What are the variables influencing the market growth in the primary regions?
- What are the factors influencing the growth of the parent market?
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