Global Directional Drilling Solutions amp Services Market by Type (MWD Services, LWD Services, Rotary Steerable System (RSS) Services, Repair & Maintenance Services, Consulting & Other Services), By Application (Onshore, Offshore) and Region (North America, Latin America, Europe, Asia Pacific and Middle East & Africa), Forecast To 2028
The Global Directional Drilling Solutions And Services Market size is projected to grow from USD 7.06 billion in 2021 to USD XX.XX billion by 2028, at a CAGR of 10.5% during the forecast period (2021-2028). The MWD Services segment accounted for the largest share of 38% in 2018 owing to its high penetration rate across various industries such as oil & gas, mining, power transmission & distribution, civil construction, and water resources sectors.
Directional drilling is a wellbore construction technique that uses the combination of the rotary steerable system (RSS) and measurement while drilling (MWD). it also includes services such as consulting, engineering & design. Directional drilling provides greater flexibility for the oil and gas operators to drill a borehole that deviates from its initial trajectory. There are two kinds of directional drilling, in which the first is used primarily to drill at steep angles and greater depths. The second is best suited for horizontal drilling below the surface or through subterranean formations. Maintenance and repair services are one of the various directional drilling solutions and services.
On the basis of Type, the global directional drilling solutions and services market is segmented into MWD Services, LWD Services, Rotary Steerable System (RSS) services, and Repair & Maintenance Services.
MWD Services:
MWD stands for Measurement While Drilling. With the help of this type of drilling, you can take measurements at every stage of the process to get accurate results about what is happening beneath your feet. An MWD system is a fully integrated, battery-powered continuous telemetry tool that provides real-time data to the driller while drilling. MWD services offer well planning to the customers by providing an accurate good path.
LWD Services:
LWD Services is a type of directional drilling service that surveys and measures borehole inclination, elevation angle, radioactivity, and other physical quantities. The primary purpose of LWD services is to obtain accurate measurements from inside the wellbore in order to monitor formation changes during a drilling operation. LWD Services are the services provided by oil and gas drilling companies that allow them to avoid risks like stuck pipes, lost circulation, or drill string failure. MWD and LWD Survey Services improve the productivity of good operations and help in directional control.
Rotary Steerable System (RSS) Services:
Rotary Steerable System (RSS) services are drilling operations that use a vertical drill string to steer the good path. RSS is also known as MWD/LWD combined service where both types of data are acquired simultaneously. This type of system creates highly accurate directional surveys with shallow angles using conventional wireline equipment, thus making it possible for geologists and engineers to view images produced during an actual borehole trip in real-time at any depth interval desired.
Repair & Maintenance Services:
Repair & Maintenance Services are the services that help in minimizing downtime of equipment and reparation. These include inspections, upgrades, preventative maintenance programs, etc., and are done to reduce downtime and increase efficiency. A service offered to the downhole tools for repair and maintenance of directional drilling (DOD) systems. The recorded growth in the global oil & gas industry is expected to fuel the demand for Repair & Maintenance Services over the forecast period.
On the basis of Application, the global directional drilling solutions and services market is segmented into Onshore and Offshore.
On the basis of Region, the global directional drilling solutions and services market is segmented into North America, Latin America, Europe, Asia Pacific, and Middle East & Africa. The market in North America is estimated to be dominant during the forecast period. The growth of this region can mainly be attributed to the increasing focus on the development of shale gas and oil by various countries, such as Canada, U.S., Mexico, etc.; growing investments towards energy resources; the presence of key industry players; increase in drilling activities for exploration & production (E&P) activities; government initiatives taken up by different countries; and technological advancements that are taking place rapidly. The market for directional drilling services in Europe is a very competitive one. The major players operating in this region are Schlumberger, Halliburton, and Baker Hughes. The Asia Pacific directional drilling solutions and services market is projected to grow at the highest CAGR during the forecast period. Currently, the directional drilling solutions and services market in Middle East & Africa is at an early stage. However, with an increasing number of large-scale oilfield projects in the region along with the growing demand for energy security; this regional market will experience a promising growth rate during the forecast period (2021 to 2028).
Growth Factors For The Global Directional Drilling Solutions And Services Market:
The growth factors for the global directional drilling solutions and services market are: ・Increasing need of oil & gas industry in North America, Latin America, and Middle East regions. ・Government regulations to improve infrastructure facilities around high-density population cities. ・Reduction in installation time with a new generation product line using microtunneling technology is expected to drive the demand for directional drilling solutions.
Up Market Research published a new report titled “Directional Drilling Solutions amp Services Market research report which is segmented by Types (MWD Services, LWD Services, Rotary Steerable System (RSS) Services, Repair & Maintenance Services, Consulting & Other Services), By Applications (Onshore, Offshore), By Players/Companies Schlumberger, Key Strategies, Halliburton, Downhole Drilling Services, Segofs Energy Services, General Electric, KAMBI Enterprises, Tolteq Group, APS Technology, Shanghai Oilfield Equipment, Beijing Geoshine Oilfield Technology Services, Compass Directional Guidance, Scientific Drilling International, CBG Corp, China Oilfield Services Limited (COSL), Weatherford, Bench Tree, Newsco International Energy Services”. As per the study the market is expected to grow at a CAGR of XX% in the forecast period.
Report Scope
Report Attributes | Report Details |
Report Title | Directional Drilling Solutions amp Services Market Research Report |
By Type | MWD Services, LWD Services, Rotary Steerable System (RSS) Services, Repair & Maintenance Services, Consulting & Other Services |
By Application | Onshore, Offshore |
By Companies | Schlumberger, Key Strategies, Halliburton, Downhole Drilling Services, Segofs Energy Services, General Electric, KAMBI Enterprises, Tolteq Group, APS Technology, Shanghai Oilfield Equipment, Beijing Geoshine Oilfield Technology Services, Compass Directional Guidance, Scientific Drilling International, CBG Corp, China Oilfield Services Limited (COSL), Weatherford, Bench Tree, Newsco International Energy Services |
Regions Covered | North America, Europe, APAC, Latin America, MEA |
Base Year | 2020 |
Historical Year | 2018 to 2019 (Data from 2010 can be provided as per availability) |
Forecast Year | 2028 |
Number of Pages | 241 |
Number of Tables & Figures | 169 |
Customization Available | Yes, the report can be customized as per your need. |
The report covers comprehensive data on emerging trends, market drivers, growth opportunities, and restraints that can change the market dynamics of the industry. It provides an in-depth analysis of the market segments which include products, applications, and competitor analysis.
Global Directional Drilling Solutions amp Services Market Report Segments:
The market is segmented by Type MWD Services, LWD Services, Rotary Steerable System (RSS) Services, Repair & Maintenance Services, Consulting & Other Services and By Application Onshore, Offshore.
Some of the companies that are profiled in this report are:
- Schlumberger
- Key Strategies
- Halliburton
- Downhole Drilling Services
- Segofs Energy Services
- General Electric
- KAMBI Enterprises
- Tolteq Group
- APS Technology
- Shanghai Oilfield Equipment
- Beijing Geoshine Oilfield Technology Services
- Compass Directional Guidance
- Scientific Drilling International
- CBG Corp
- China Oilfield Services Limited (COSL)
- Weatherford
- Bench Tree
- Newsco International Energy Services
Directional Drilling Solutions amp Services Market research report delivers a close watch on leading competitors with strategic analysis, micro and macro market trend and scenarios, pricing analysis and a holistic overview of the market situations in the forecast period. It is a professional and a detailed report focusing on primary and secondary drivers, market share, leading segments and geographical analysis. Further, key players, major collaborations, merger & acquisitions along with trending innovation and business policies are reviewed in the report.
Key Benefits for Industry Participants & Stakeholders:
- Industry drivers, restraints, and opportunities covered in the study
- Neutral perspective on the market performance
- Recent industry trends and developments
- Competitive landscape & strategies of key players
- Potential & niche segments and regions exhibiting promising growth covered
- Historical, current, and projected market size, in terms of value
- In-depth analysis of the Directional Drilling Solutions amp Services Market
Overview of the regional outlook of the Directional Drilling Solutions amp Services Market:
Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa (MEA). North America region is further bifurcated into countries such as U.S., and Canada. The Europe region is further categorized into U.K., France, Germany, Italy, Spain, Russia, and Rest of Europe. Asia Pacific is further segmented into China, Japan, South Korea, India, Australia, South East Asia, and Rest of Asia Pacific. Latin America region is further segmented into Brazil, Mexico, and Rest of Latin America, and the MEA region is further divided into GCC, Turkey, South Africa, and Rest of MEA.
Highlights of The Directional Drilling Solutions amp Services Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of Directional Drilling Solutions amp Services Market.
- Historical data and forecast.
- Estimations for the forecast period 2028.
- Developments and trends in the market.
- By Type:
1. MWD Services
2. LWD Services
3. Rotary Steerable System (RSS) Services
4. Repair & Maintenance Services
5. Consulting & Other Services
7. By Application:1. Onshore
2. Offshore
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Directional Drilling Solutions amp Services Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2028.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
Reasons to Purchase the Directional Drilling Solutions amp Services Market Report:
- The report includes a plethora of information such as market dynamics scenario and opportunities during the forecast period
- Segments and sub-segments include quantitative, qualitative, value (USD Million,) and volume (Units Million) data.
- Regional, sub-regional, and country level data includes the demand and supply forces along with their influence on the market.
- The competitive landscape comprises share of key players, new developments, and strategies in the last three years.
- Comprehensive companies offering products, relevant financial information, recent developments, SWOT analysis, and strategies by these players.
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Directional Drilling Solutions amp Services Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Directional Drilling Solutions amp Services Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Directional Drilling Solutions amp Services Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Directional Drilling Solutions amp Services Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Directional Drilling Solutions amp Services Market Size & Forecast, 2018-2028
4.5.1 Directional Drilling Solutions amp Services Market Size and Y-o-Y Growth
4.5.2 Directional Drilling Solutions amp Services Market Absolute $ Opportunity
Chapter 5 Global Directional Drilling Solutions amp Services Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Directional Drilling Solutions amp Services Market Size Forecast by Type
5.2.1 MWD Services
5.2.2 LWD Services
5.2.3 Rotary Steerable System (RSS) Services
5.2.4 Repair & Maintenance Services
5.2.5 Consulting & Other Services
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Directional Drilling Solutions amp Services Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Directional Drilling Solutions amp Services Market Size Forecast by Applications
6.2.1 Onshore
6.2.2 Offshore
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Directional Drilling Solutions amp Services Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Directional Drilling Solutions amp Services Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Directional Drilling Solutions amp Services Analysis and Forecast
9.1 Introduction
9.2 North America Directional Drilling Solutions amp Services Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Directional Drilling Solutions amp Services Market Size Forecast by Type
9.6.1 MWD Services
9.6.2 LWD Services
9.6.3 Rotary Steerable System (RSS) Services
9.6.4 Repair & Maintenance Services
9.6.5 Consulting & Other Services
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Directional Drilling Solutions amp Services Market Size Forecast by Applications
9.10.1 Onshore
9.10.2 Offshore
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Directional Drilling Solutions amp Services Analysis and Forecast
10.1 Introduction
10.2 Europe Directional Drilling Solutions amp Services Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Directional Drilling Solutions amp Services Market Size Forecast by Type
10.6.1 MWD Services
10.6.2 LWD Services
10.6.3 Rotary Steerable System (RSS) Services
10.6.4 Repair & Maintenance Services
10.6.5 Consulting & Other Services
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Directional Drilling Solutions amp Services Market Size Forecast by Applications
10.10.1 Onshore
10.10.2 Offshore
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Directional Drilling Solutions amp Services Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Directional Drilling Solutions amp Services Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Directional Drilling Solutions amp Services Market Size Forecast by Type
11.6.1 MWD Services
11.6.2 LWD Services
11.6.3 Rotary Steerable System (RSS) Services
11.6.4 Repair & Maintenance Services
11.6.5 Consulting & Other Services
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Directional Drilling Solutions amp Services Market Size Forecast by Applications
11.10.1 Onshore
11.10.2 Offshore
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Directional Drilling Solutions amp Services Analysis and Forecast
12.1 Introduction
12.2 Latin America Directional Drilling Solutions amp Services Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Directional Drilling Solutions amp Services Market Size Forecast by Type
12.6.1 MWD Services
12.6.2 LWD Services
12.6.3 Rotary Steerable System (RSS) Services
12.6.4 Repair & Maintenance Services
12.6.5 Consulting & Other Services
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Directional Drilling Solutions amp Services Market Size Forecast by Applications
12.10.1 Onshore
12.10.2 Offshore
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Directional Drilling Solutions amp Services Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Directional Drilling Solutions amp Services Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Directional Drilling Solutions amp Services Market Size Forecast by Type
13.6.1 MWD Services
13.6.2 LWD Services
13.6.3 Rotary Steerable System (RSS) Services
13.6.4 Repair & Maintenance Services
13.6.5 Consulting & Other Services
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Directional Drilling Solutions amp Services Market Size Forecast by Applications
13.10.1 Onshore
13.10.2 Offshore
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Directional Drilling Solutions amp Services Market: Competitive Dashboard
14.2 Global Directional Drilling Solutions amp Services Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Schlumberger
14.3.2 Key Strategies
14.3.3 Halliburton
14.3.4 Downhole Drilling Services
14.3.5 Segofs Energy Services
14.3.6 General Electric
14.3.7 KAMBI Enterprises
14.3.8 Tolteq Group
14.3.9 APS Technology
14.3.10 Shanghai Oilfield Equipment
14.3.11 Beijing Geoshine Oilfield Technology Services
14.3.12 Compass Directional Guidance
14.3.13 Scientific Drilling International
14.3.14 CBG Corp
14.3.15 China Oilfield Services Limited (COSL)
14.3.16 Weatherford
14.3.17 Bench Tree
14.3.18 Newsco International Energy Services