Directional Drilling Market Drivers, Restraints, Potential Growth Opportunities Trends and Forecast 2019-2025

Albany, USA, 2019-Sep-05 — /EPR Network/ —

The purpose of this MRH research study titled “Global (United States, European Union and China) Directional Drilling Market Research Report 2019-2025” is to enlighten the readers about the Directional Drilling Market with a stern focus on the development trends and opportunities projected for future years. In short, this assessment drops light on the market size and revenue share which are motivated by numerous market drivers, together with a clear insight about challenges that might create a blockage for the development of Directional Drilling Market.

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Analysis Report on Directional Drilling Market: Report Overview

Directional drilling is the practice of deviating the wellbore along a planned path to a specific location (also known as target location). The target location is predetermined and is at a given lateral distance and direction from the vertical. Directional drilling is carried out as vertically as possible from a given true vertical depth (TVD).
The increase in the number of deepwater and ultra-deepwater drilling projects will be one of the major factors that will have a positive impact on the growth of the market. The rise in the number of drilling projects, the need for directional drilling services is certain to increase due to a variety of applications provided by it for drilling or production project. For instance, In January 2017, BP (British Petroleum) started a major project, Thunder Horse South Expansion, in the Gulf of Mexico almost a year before its scheduled time. Such projects will increase production of crude oil production.
The market has the presence of a considerable number of manufacturers and appears to be highly competitive. The manufacturers in the market are investing in research and development to increase the drilling performance. The level of competition among the players will intensify in the coming years due to the increase in technological innovations, product extensions, and the increase in M&A.
In terms of geographic regions, the Americas will be the major revenue contributor to the market among recent years. The increase in energy demand in the US, Mexico, and Canada makes North America the second largest consumer of crude oil across the globe. The support from the government of various countries towards exploration and drilling activities will drive the demand for directional drilling in this region.

The Directional Drilling Market report profiles the following companies, which includes: –

Baker Hughes
Halliburton
Schlumberger
Weatherford
Cathedral Energy Services
Directional Technologies
Ensco
Gyrodata
Jindal Drilling and Industries
LEAM Drilling Systems
MOTIVE DRILLING TECHNOLOGIES
Nabors Industries
National Oilwell Varco
Seadrill
SCIENTIFIC DRILLING INTERNATIONAL
TRANSOCEAN

Market Segment by Product Type
Gas
Oil
Others

Market Segment by Application
Onshore
Offshore

Key Regions split in this report: breakdown data for each region.
United States
China
European Union
Rest of World (Japan, Korea, India and Southeast Asia)

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The study objectives are:

To analyze and research the Directional Drilling status and future forecast in United States, European Union and China, involving sales, value (revenue), growth rate (CAGR), market share, historical and forecast.

To present the key Directional Drilling manufacturers, presenting the sales, revenue, market share, and recent development for key players.

To split the breakdown data by regions, type, companies and applications

To analyze the global and key regions market potential and advantage, opportunity and challenge, restraints and risks.

To identify significant trends, drivers, influence factors in global and regions

To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market
In this study, the years considered to estimate the market size of Directional Drilling are as follows:
History Year: 2014-2018
Base Year: 2018
Estimated Year: 2019
Forecast Year 2019 to 2025