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| Market size in 2024 | US$ 1.56 billion |
Forecast Market size by 2030 | US$ 2.13 billion |
|---|---|---|---|
| Growth Rate | CAGR of 5.3% | Number of Pages | 110 Pages |
The global Positive Displacement Motors (PDM) market size was valued at US$ 1.56 billion in 2024 and is projected to reach US$ 2.13 billion by 2030, at a CAGR of 5.3% during the forecast period 2024-2030.
The United States Positive Displacement Motors (PDM) market size was valued at US$ 412.7 million in 2024 and is projected to reach US$ 543.8 million by 2030, at a CAGR of 4.7% during the forecast period 2024-2030.
Positive Displacement Motors are downhole drilling tools used in the oil and gas industry to convert hydraulic energy from drilling fluid into mechanical energy, providing rotational force to the drill bit for efficient wellbore drilling, especially in directional and horizontal wells.
The global Positive Displacement Motors market is experiencing moderate growth, driven by ongoing oil and gas exploration activities, increasing focus on unconventional resources, and the need for efficient drilling technologies. In 2023, global sales of PDMs reached approximately 25,000 units, with North America and Middle East accounting for 65% of demand. The onshore sector remains the largest consumer, representing 70% of sales, followed by offshore at 30%. The market saw a boost from the recovery of drilling activities post-pandemic, leading to a 12% increase in PDM utilization in horizontal drilling operations in 2023. Technological advancements have focused on improving power output and reliability, with new PDM designs offering up to 25% higher torque and 30% longer operational life compared to previous generations. The market is witnessing strong growth in high-temperature PDMs, increasing at 10% annually, driven by deep drilling and geothermal applications. In 2023, the trend towards factory-assembled bottom hole assemblies led to a 15% increase in integrated PDM-MWD (Measurement While Drilling) systems. The industry faces challenges from the development of alternative drilling technologies like rotary steerable systems, but the cost-effectiveness and versatility of PDMs continue to ensure their widespread use. Emerging applications in coiled tubing drilling are showing promise, with specialized slim-hole PDMs growing at 14% CAGR, albeit from a small base of 5% market share. Looking ahead, the market is expected to benefit from innovations in smart PDMs with built-in sensors for real-time performance monitoring, with these advanced motors projected to grow at 18% CAGR through 2030.
Report Overview
Positive displacement motors are primarily used for directional drilling.
This report provides a deep insight into the global Positive Displacement Motors (PDM) market covering all its essential aspects. This ranges from a macro overview of the market to micro details of the market size, competitive landscape, development trend, niche market, key market drivers and challenges, SWOT analysis, value chain analysis, etc.
The analysis helps the reader to shape the competition within the industries and strategies for the competitive environment to enhance the potential profit. Furthermore, it provides a simple framework for evaluating and accessing the position of the business organization. The report structure also focuses on the competitive landscape of the Global Positive Displacement Motors (PDM) Market, this report introduces in detail the market share, market performance, product situation, operation situation, etc. of the main players, which helps the readers in the industry to identify the main competitors and deeply understand the competition pattern of the market.
In a word, this report is a must-read for industry players, investors, researchers, consultants, business strategists, and all those who have any kind of stake or are planning to foray into the Positive Displacement Motors (PDM) market in any manner.
Global Positive Displacement Motors (PDM) Market: Market Segmentation Analysis
The research report includes specific segments by region (country), manufacturers, Type, and Application. Market segmentation creates subsets of a market based on product type, end-user or application, Geographic, and other factors. By understanding the market segments, the decision-maker can leverage this targeting in the product, sales, and marketing strategies. Market segments can power your product development cycles by informing how you create product offerings for different segments.
Key Company
Halliburton
Nabors Industries
Schlumberger Limited
MATRRIX Energy Technologies Inc.
Weatherford International plc
Market Segmentation (by Type)
Rotor
Stator
Market Segmentation (by Application)
Onshore
Offshore
Geographic Segmentation
| Report Attributes | Report Details |
|---|---|
| Report Title | Global Positive Displacement Motors (PDM) Market Research Report 2024(Status and Outlook) |
| Market size in 2024 | US$ 1.56 billion |
| Forecast Market size by 2030 | US$ 2.13 billion |
| Growth Rate | CAGR of 5.3% |
| Historical Year | 2018 to 2022 (Data from 2010 can be provided as per availability) |
| Base Year | 2023 |
| Forecast Year | 2031 |
| Number of Pages | 110 Pages |
| Customization Available | Yes, the report can be customized as per your need. |
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