Directional Drilling Services Market Scenario
Increase in energy demand and shale gas development are some of the major factors propelling the directional drilling services market globally. Furthermore, Advancement in Drilling Technologies is also one of the factor propelling the growth of directional drilling services market. However, declining oil spending due to low crude oil price is one of the major factor expected to hamper the global growth of the market.
Directional Drilling Services Market Segmentation
The Directional drilling services Market is segmented by Type, Service, Application and Geography. The Types studied in the directional drilling services market are Conventional and Rotary Steerable System. Furthermore, the Services comprises of Rotary Steerable System (RSS), Logging-While-Drilling (LWD), Measurement-While-Drilling (MWD) & Survey, Motors (MUD Motors) and others. Likewise, various Application of this market are Onshore Applications and Offshore Applications. Based on Geography, the Directional drilling services Market is studied across the countries of key regions such as, North America, Europe, Asia Pacific and RoW.
Directional Drilling Services Market by Geography
Based on geography, the directional drilling services market is studied across the countries of key regions such as, North America, Europe, Asia Pacific and RoW. Among all the regions, the North America dominated the global directional drilling services market in 2019. Tight oil and shale gas are developing as an important new source of energy supply in the US and Canada. Technological developments in drilling such as long-reach horizontal well bores and completion techniques such as multi-stage hydraulic fracturing are growing the application of this service in the North America region.
Directional Drilling Services Market Key Players
Some of the major players operating in the global directional drilling services market includes Gyrodata Incorporated, Leam Drilling Systems, LLC., Scientific Drilling International, Baker Hughes Incorporated, Cathedral Energy Services Ltd., GE Oil & Gas, Halliburton Company, Jindal Drilling & Industries Limited, Nabors Industries Ltd., National Oilwell Varco, Inc., Schlumberger Limited and Weatherford International PLC. The company mainly pursues product launches and expansions as its growth strategy in order to widen its sales and distribution network.
Directional Drilling Services Market Report Key Benefits