Global Directional Drilling Market Growth (Status and Outlook) 2023-2029

Global Directional Drilling Market Growth (Status and Outlook) 2023-2029

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.
LPI (LP Information)' newest research report, the “Directional Drilling Industry Forecast” looks at past sales and reviews total world Directional Drilling sales in 2022, providing a comprehensive analysis by region and market sector of projected Directional Drilling sales for 2023 through 2029. With Directional Drilling sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Directional Drilling industry.
This Insight Report provides a comprehensive analysis of the global Directional Drilling landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Directional Drilling portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms’ unique position in an accelerating global Directional Drilling market.
This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Directional Drilling and breaks down the forecast by type, by application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Directional Drilling.
The global Directional Drilling market size is projected to grow from US$ 9312 million in 2022 to US$ 12040 million in 2029; it is expected to grow at a CAGR of 3.7% from 2023 to 2029.
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.
This report presents a comprehensive overview, market shares, and growth opportunities of Directional Drilling market by product type, application, key players and key regions and countries.
Market Segmentation:
Segmentation by type
Deviated Well Directional Drilling
Horizontal Well Directional Drilling
Segmentation by application
Land Directional Drilling
Offshore Directional Drilling
This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries
The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
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

Please note: The report will take approximately 2 business days to prepare and deliver.