Report overview
Directional drilling is a drilling technique in which the wellbore is drilled to the target layer along a pre-designed direction and trajectory, called directional drilling, and generally refers to oblique drilling and horizontal drilling. The directional drilling service market includes wellbore positioning, lateral tracking, automated drilling systems, well planning, etc.
This report aims to provide a comprehensive presentation of the global market for Directional Drilling, 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. This report contains market size and forecasts of Directional Drilling in global, including the following market information:
Global Directional Drilling Market Revenue, 2018-2023, 2024-2029, ($ millions)
Global top five companies in 2022 (%)
The global Directional Drilling market was valued at US$ 9794.6 million in 2022 and is projected to reach US$ 12420 million by 2029, at a CAGR of 3.4% during the forecast period. The influence of COVID-19 and the Russia-Ukraine War were considered while estimating market sizes.
The key players of Directional Drilling include Schlumberger, Halliburton, Baker Hughes/GE, , CNPC, Weatherford International, etc. The top five players of Directional Drilling account for approximately 74% of the total market. North America is the largest market of Directional Drilling accounting for about 28%, followed by Europe and China. In terms of Type, Horizontal Well Directional Drilling is the largest segment, with a share about 51%. And in terms of Application, the largest application is Land Directional Drilling, followed by Offshore Directional Drilling.
We surveyed the Directional Drilling 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 Market, by Type, 2018-2023, 2024-2029 ($ millions)
Global Directional Drilling Market Segment Percentages, by Type, 2022 (%)
Deviated Well Directional Drilling
Horizontal Well Directional Drilling
Global Directional Drilling Market, by Application, 2018-2023, 2024-2029 ($ millions)
Global Directional Drilling Market Segment Percentages, by Application, 2022 (%)
Land Directional Drilling
Offshore Directional Drilling
Global Directional Drilling Market, By Region and Country, 2018-2023, 2024-2029 ($ Millions)
Global Directional Drilling Market Segment Percentages, By Region and Country, 2022 (%)
North America
US
Canada
Mexico
Europe
Germany
France
U.K.
Italy
Russia
Nordic Countries
Benelux
Rest of Europe
Asia
China
Japan
South Korea
Southeast Asia
India
Rest of Asia
South America
Brazil
Argentina
Rest of South America
Middle East & Africa
Turkey
Israel
Saudi Arabia
UAE
Rest of Middle East & Africa
Competitor Analysis
The report also provides analysis of leading market participants including:
Key companies Directional Drilling revenues in global market, 2018-2023 (estimated), ($ millions)
Key companies Directional Drilling revenues share in global market, 2022 (%)
Further, the report presents profiles of competitors in the market, key players include:
Schlumberger
Halliburton
Baker Hughes/GE
CNPC
Weatherford International
Nabors industries
SINOPEC
COSL
Cathedral Energy Services
Gyrodata
ANTON
ZPEC
Jindal Drilling & Industries
Scientific Drilling International
LEAM Drilling Services
Outline of Major Chapters:
Chapter 1: Introduces the definition of Directional Drilling, market overview.
Chapter 2: Global Directional Drilling market size in revenue.
Chapter 3: Detailed analysis of Directional Drilling 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 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.
