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

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

Drilling services is a key service component of the oil & gas exploration and production life cycle. Drilling services include solutions for drilling wells in a safe, fast, and optimized way by increasing drilling efficiency and minimizing production down time.

LPI (LP Information)' newest research report, the “Drilling Services Industry Forecast” looks at past sales and reviews total world Drilling Services sales in 2022, providing a comprehensive analysis by region and market sector of projected Drilling Services sales for 2023 through 2029. With Drilling Services sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Drilling Services industry.

This Insight Report provides a comprehensive analysis of the global Drilling Services 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 Drilling Services portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms’ unique position in an accelerating global Drilling Services market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Drilling Services 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 Drilling Services.

The global Drilling Services market size is projected to grow from US$ 7835.5 million in 2022 to US$ 11470 million in 2029; it is expected to grow at a CAGR of 5.6% from 2023 to 2029.

This industry is affected by the economy and policy, so it’s important to put an eye to economic indexes and leaders’ prefer. With the global economic recovery, more and more people pay attention to rising environment standards, especially in underdevelopment regions that have a large population and fast economic growth, the need will increase.

This report presents a comprehensive overview, market shares, and growth opportunities of Drilling Services market by product type, application, key players and key regions and countries.

Market Segmentation:

Segmentation by type
Contract Drilling
Directional Drilling
Logging While Drilling (LWD)
Drilling Waste Management

Segmentation by application
Onshore
Offshore

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.
GE(Baker Hughes)
Weatherford International Plc.
Schlumberger Limited
Superior Energy Services Inc.
Transocean Limited
Halliburton Co.

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