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Directional Drilling Services Market, Global Outlook and Forecast 2023-2030

Directional Drilling Services Market, Global Outlook and Forecast 2023-2030

  • Published on : 17 November 2023
  • Pages :63
  • Report Code:SMR-7852252

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Report overview

The global Directional Drilling Services market was valued at US$ 10560 million in 2022 and is projected to reach US$ 11590 million by 2029, at a CAGR of 1.3% during the forecast period. The influence of COVID-19 and the Russia-Ukraine War were considered while estimating market sizes.

The USA market for Global Directional Drilling Services market is estimated to increase from USD million in 2022 to reach USD million by 2030, at a CAGR during the forecast period of 2023 through 2030.

The China market for Global Directional Drilling Services market is estimated to increase from USD million in 2022 to reach USD million by 2030, at a CAGR during the forecast period of 2023 through 2030.

The Europe market for Global Directional Drilling Services market is estimated to increase from USD million in 2022 to reach USD million by 2030, at a CAGR during the forecast period of 2023 through 2030.

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.
This report aims to provide a comprehensive presentation of the global market for Directional Drilling Services, with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Directional Drilling Services.

This report contains market size and forecasts of Directional Drilling Services in global, including the following market information:

  • Global Directional Drilling Services Market Revenue, 2018-2023, 2024-2030, ($ millions)
  • Global top five companies in 2022 (%)

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.
We surveyed the Directional Drilling Services companies, and industry experts on this industry, involving the revenue, demand, product type, recent developments and plans, industry trends, drivers, challenges, obstacles, and potential risks.
Total Market by Segment:
Global Directional Drilling Services Market, by Type, 2018-2023, 2024-2030 ($ millions)
Global Directional Drilling Services Market Segment Percentages, by Type, 2022 (%)

  • Logging While Drilling (LWD)
  • Measurement While Drilling (MWD) & survey
  • Rotary Steerable System (RSS)
  • Motors
  • Others

Global Directional Drilling Services Market, by Application, 2018-2023, 2024-2030 ($ millions)
Global Directional Drilling Services Market Segment Percentages, by Application, 2022 (%)

  • Onshore
  • Offshore

Global Directional Drilling Services Market, By Region and Country, 2018-2023, 2024-2030 ($ Millions)
Global Directional Drilling Services Market Segment Percentages, By Region and Country, 2022 (%)

  • North America (United States, Canada, Mexico)
  • Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe)
  • Asia-Pacific (China, India, Japan, South Korea, Australia, Rest of APAC)
  • The Middle East and Africa (Middle East, Africa)
  • South and Central America (Brazil, Argentina, Rest of SCA)

Competitor Analysis
The report also provides analysis of leading market participants including:

  • Key companies Directional Drilling Services revenues in global market, 2018-2023 (estimated), ($ millions)
  • Key companies Directional Drilling Services revenues share in global market, 2022 (%)

Further, the report presents profiles of competitors in the market, key players include:

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

Outline of Major Chapters:
Chapter 1: Introduces the definition of Directional Drilling Services, market overview.
Chapter 2: Global Directional Drilling Services market size in revenue.
Chapter 3: Detailed analysis of Directional Drilling Services company competitive landscape, revenue and market share, latest development plan, merger, and acquisition information, etc.
Chapter 4: Provides the analysis of various market segments by type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter 5: Provides the analysis of various market segments by application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter 6: Sales of Directional Drilling Services in regional level and country level. It provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space of each country in the world.
Chapter 7: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.
Chapter 8: The main points and conclusions of the report.