Global Horizontal and Directional Drilling Market Growth (Status and Outlook) 2024-2030

Global Horizontal and Directional Drilling Market Growth (Status and Outlook) 2024-2030

Horizontal and Directional Drilling is a drilling technique used in the oil and gas industry to access and extract hydrocarbons from subsurface reservoirs.

The global Horizontal and Directional Drilling market size is projected to grow from US$ million in 2024 to US$ million in 2030; it is expected to grow at a CAGR of %from 2024 to 2030.

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

This Insight Report provides a comprehensive analysis of the global Horizontal and 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 analyses the strategies of leading global companies with a focus on Horizontal and Directional Drilling portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms’ unique position in an accelerating global Horizontal and Directional Drilling market.

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

Horizontal and Directional Drilling involves drilling a wellbore that extends horizontally through the reservoir rock. This method offers several advantages, including increased reservoir contact, improved recovery rates, and reduced environmental impact. Horizontal drilling can reduce the environmental footprint because it allows multiple reservoirs to be accessed from a single drilling location. This can minimize land disturbance and surface facilities.Horizontal well drilling has significantly impacted the oil and gas industry by improving the efficiency and economics of hydrocarbon extraction, especially in unconventional resources like shale formations. It has become a widely adopted technique in various regions around the world.

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

Segmentation by Type:
Long Radius Horizontal Well
Medium Radius Horizontal Well
Short Radius Horizontal Well

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

Segmentation by Type:
Long Radius Horizontal Well
Medium Radius Horizontal Well
Short Radius Horizontal Well

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.
Schlumberger
Halliburton
Baker Hughes/GE
CNPC
Weatherford International
Nabors industries
Sinopec Oilfield Service Corporation
China Oilfield Services
Cathedral Energy Services
Gyrodata
Anton Oilfield Services Group
ZPEC
Jindal Drilling & Industries
Scientific Drilling International
LEAM Drilling Services

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