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PUBLISHER: Grand View Research | PRODUCT CODE: 1679546
PUBLISHER: Grand View Research | PRODUCT CODE: 1679546
Underbalanced Drilling Market Size, Share & Trends Analysis Report By Technology, By Application, By Region, And Segment Forecasts, 2025 - 2030
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PAGES: 100 Pages
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Underbalanced Drilling Market Growth & Trends:
The global underbalanced drilling market size is anticipated to reach USD 5.83 billion by 2030 and is projected to expand at a CAGR of 6.2% from 2025 to 2030, according to a new report by Grand View Research, Inc. The global underbalanced drilling (UBD) market is poised for significant growth, driven by the escalating demand for efficient and cost-effective extraction techniques in the oil and gas industry. UBD, which involves maintaining wellbore pressure below formation pressure, is gaining traction as it enhances drilling efficiency and minimizes formation damage. This method is particularly advantageous in complex reservoirs, offering improved hydrocarbon recovery rates.
Technological advancements are anticipated to further propel the UBD market. Innovations in drilling equipment and techniques have enhanced the efficiency and safety of UBD operations. These developments not only increase the reliability of underbalanced drilling operations but also enhance the recovery of valuable resources, contributing to the overall growth of the UBD market.
Regionally, North America is expected to maintain a significant share in the UBD market, driven by advanced drilling technologies and increased exploration activities. This growth is attributed to the adoption of UBD techniques to reduce formation damage in horizontal wells and the focus on enhancing drilling efficiency.
In the Asia Pacific region, the UBD market is projected to experience substantial growth, attributed to increasing exploration activities. For instance, underbalanced operations for wells SED-555 and SED-565 in the SED field have demonstrated the effectiveness of UBD in managing challenging drilling conditions.
However, the UBD market faces challenges, including the high initial investment and operational complexities associated with underbalanced drilling techniques. Despite these hurdles, the long-term benefits of enhanced recovery rates and reduced formation damage make UBD a compelling choice for operators aiming to optimize production in complex reservoirs.
Underbalanced Drilling Market Report Highlights:
- Based on technology, gas injection dominated the market with a share of over 52% in 2024, driven by its effectiveness in maintaining wellbore pressure below formation pressure, thereby enhancing drilling efficiency and minimizing formation damage.
- North America is projected to remain the largest market over the forecast period. The region's market growth is anticipated to be fueled by rising shale gas production, particularly in the United States, where operators are adopting UBD techniques to optimize recovery and reduce formation damage.
- Based on application, the offshore segment of the underbalanced drilling (UBD) industry is anticipated to witness steady growth, driven by deepwater and ultra-deepwater exploration activities.
Product Code: GVR-4-68040-526-2
Table of Contents
Chapter 1. Methodology and Scope
- 1.1. Market Segmentation & Scope
- 1.2. Market Definition
- 1.3. Information Procurement
- 1.3.1. Information Analysis
- 1.3.2. Data Analysis Models
- 1.3.3. Market Formulation & Data Visualization
- 1.3.4. Data Validation & Publishing
- 1.4. Research Scope and Assumptions
- 1.4.1. List of Data Sources
Chapter 2. Executive Summary
- 2.1. Market Outlook
- 2.2. Segmental Outlook
- 2.3. Competitive Outlook
Chapter 3. Market Variables, Trends, and Scope
- 3.1. Global Drilling Market Outlook
- 3.2. Industry Value Chain Analysis
- 3.2.1. Sales Channel Analysis
- 3.3. Technology Overview
- 3.4. Regulatory Framework
- 3.5. Market Dynamics
- 3.5.1. Market Driver Analysis
- 3.5.2. Market Restraint Analysis
- 3.5.3. Market Opportunity Analysis
- 3.6. Porter's Five Forces Analysis
- 3.6.1. Bargaining Power of Suppliers
- 3.6.2. Bargaining Power of Buyers
- 3.6.3. Threat of Substitution
- 3.6.4. Threat of New Entrants
- 3.6.5. Competitive Rivalry
- 3.7. PESTLE Analysis
- 3.7.1. Political
- 3.7.2. Economic
- 3.7.3. Social Landscape
- 3.7.4. Technology
- 3.7.5. Environmental
- 3.7.6. Legal
Chapter 4. Underbalanced Drilling Market: Technology Estimates & Trend Analysis
- 4.1. Underbalanced Drilling Market: Technology Movement Analysis, 2024 & 2030
- 4.2. Gas Injection
- 4.2.1. Market estimates and forecasts, 2018 - 2030 (USD Million)
- 4.3. Foam Injection
- 4.3.1. Market estimates and forecasts, 2018 - 2030 (USD Million)
- 4.4. Aerated Fluid Injection
- 4.4.1. Market estimates and forecasts, 2018 - 2030 (USD Million)
- 4.5. Mist Drilling
- 4.5.1. Market estimates and forecasts, 2018 - 2030 (USD Million)
Chapter 5. Underbalanced Drilling Market: Application Estimates & Trend Analysis
- 5.1. Underbalanced Drilling Market: Application Movement Analysis, 2024 & 2030
- 5.2. Onshore
- 5.2.1. Market estimates and forecasts, 2018 - 2030 (USD Million)
- 5.3. Offshore
- 5.3.1. Market estimates and forecasts, 2018 - 2030 (USD Million)
Chapter 6. Underbalanced Drilling Market: Regional Estimates & Trend Analysis
- 6.1. Regional Analysis, 2024 & 2030
- 6.2. North America
- 6.2.1. Market estimates and forecasts, 2018 - 2030 (USD Million)
- 6.2.2. Market estimates and forecasts, by technology, 2018 - 2030 (USD Million)
- 6.2.3. Market estimates and forecasts, by application, 2018 - 2030 (USD Million)
- 6.2.4. U.S.
- 6.2.4.1. Market estimates and forecasts, 2018 - 2030 (USD Million)
- 6.2.4.2. Market estimates and forecasts, by technology, 2018 - 2030 (USD Million)
- 6.2.4.3. Market estimates and forecasts, by application, 2018 - 2030 (USD Million)
- 6.2.5. Canada
- 6.2.5.1. Market estimates and forecasts, 2018 - 2030 (USD Million)
- 6.2.5.2. Market estimates and forecasts, by technology, 2018 - 2030 (USD Million)
- 6.2.5.3. Market estimates and forecasts, by application, 2018 - 2030 (USD Million)
- 6.2.6. Mexico
- 6.2.6.1. Market estimates and forecasts, 2018 - 2030 (USD Million)
- 6.2.6.2. Market estimates and forecasts, by technology, 2018 - 2030 (USD Million)
- 6.2.6.3. Market estimates and forecasts, by application, 2018 - 2030 (USD Million)
- 6.3. Europe
- 6.3.1. Market estimates and forecasts, 2018 - 2030 (USD Million)
- 6.3.2. Market estimates and forecasts, by technology, 2018 - 2030 (USD Million)
- 6.3.3. Market estimates and forecasts, by application, 2018 - 2030 (USD Million)
- 6.3.4. Germany
- 6.3.4.1. Market estimates and forecasts, 2018 - 2030 (USD Million)
- 6.3.4.2. Market estimates and forecasts, by technology, 2018 - 2030 (USD Million)
- 6.3.4.3. Market estimates and forecasts, by application, 2018 - 2030 (USD Million)
- 6.3.5. UK
- 6.3.5.1. Market estimates and forecasts, 2018 - 2030 (USD Million)
- 6.3.5.2. Market estimates and forecasts, by technology, 2018 - 2030 (USD Million)
- 6.3.5.3. Market estimates and forecasts, by application, 2018 - 2030 (USD Million)
- 6.4. Asia Pacific
- 6.4.1. Market estimates and forecasts, 2018 - 2030 (USD Million)
- 6.4.2. Market estimates and forecasts, by technology, 2018 - 2030 (USD Million)
- 6.4.3. Market estimates and forecasts, by application, 2018 - 2030 (USD Million)
- 6.4.4. China
- 6.4.4.1. Market estimates and forecasts, by technology, 2018 - 2030 (USD Million)
- 6.4.4.2. Market estimates and forecasts, by application, 2018 - 2030 (USD Million)
- 6.4.5. India
- 6.4.5.1. Market estimates and forecasts, by technology, 2018 - 2030 (USD Million)
- 6.4.5.2. Market estimates and forecasts, by application, 2018 - 2030 (USD Million)
- 6.4.6. Japan
- 6.4.6.1. Market estimates and forecasts, by technology, 2018 - 2030 (USD Million)
- 6.4.6.2. Market estimates and forecasts, by application, 2018 - 2030 (USD Million)
- 6.5. Central & South America
- 6.5.1. Market estimates and forecasts, 2018 - 2030 (USD Million)
- 6.5.2. Market estimates and forecasts, by technology, 2018 - 2030 (USD Million)
- 6.5.3. Market estimates and forecasts, by application, 2018 - 2030 (USD Million)
- 6.5.4. Brazil
- 6.5.4.1. Market estimates and forecasts, by technology, 2018 - 2030 (USD Million)
- 6.5.4.2. Market estimates and forecasts, by application, 2018 - 2030 (USD Million)
- 6.6. Middle East & Africa
- 6.6.1. Market estimates and forecasts, 2018 - 2030 (USD Million)
- 6.6.2. Market estimates and forecasts, by technology, 2018 - 2030 (USD Million)
- 6.6.3. Market estimates and forecasts, by application, 2018 - 2030 (USD Million)
- 6.6.4. Saudi Arabia
- 6.6.4.1. Market estimates and forecasts, by technology, 2018 - 2030 (USD Million)
- 6.6.4.2. Market estimates and forecasts, by application, 2018 - 2030 (USD Million)
- 6.6.5. UAE
- 6.6.5.1. Market estimates and forecasts, by technology, 2018 - 2030 (USD Million)
- 6.6.5.2. Market estimates and forecasts, by application, 2018 - 2030 (USD Million)
Chapter 7. Competitive Landscape
- 7.1. Recent Developments & Impact Analysis, By Key Market Participants
- 7.2. Company Categorization
- 7.3. Heat Map Analysis
- 7.4. Vendor Landscape
- 7.4.1. List of equipment suppliers
- 7.4.2. List of distributors
- 7.5. List of Prospective End-Users
- 7.6. Strategy Initiatives
- 7.7. Company Profiles/Listing
- 7.7.1. Reform Energy Services
- 7.7.1.1. Company Overview
- 7.7.1.2. Financial Performance
- 7.7.1.3. Product Benchmarking
- 7.7.2. Weatherford
- 7.7.2.1. Company Overview
- 7.7.2.2. Financial Performance
- 7.7.2.3. Product Benchmarking
- 7.7.3. Halliburton
- 7.7.3.1. Company Overview
- 7.7.3.2. Financial Performance
- 7.7.3.3. Product Benchmarking
- 7.7.4. International Snubbing Services
- 7.7.4.1. Company Overview
- 7.7.4.2. Financial Performance
- 7.7.4.3. Product Benchmarking
- 7.7.5. Air Drilling Associates
- 7.7.5.1. Company Overview
- 7.7.5.2. Financial Performance
- 7.7.5.3. Product Benchmarking
- 7.7.6. Strata Energy Services Inc.
- 7.7.6.1. Company Overview
- 7.7.6.2. Financial Performance
- 7.7.6.3. Product Benchmarking
- 7.7.7. Blade Energy Partners, Ltd
- 7.7.7.1. Company Overview
- 7.7.7.2. Financial Performance
- 7.7.7.3. Product Benchmarking
- 7.7.8. Viking Services
- 7.7.8.1. Company Overview
- 7.7.8.2. Financial Performance
- 7.7.8.3. Product Benchmarking
- 7.7.9. Hurricane Air Drilling Services Ltd Co
- 7.7.9.1. Company Overview
- 7.7.9.2. Financial Performance
- 7.7.9.3. Product Benchmarking
- 7.7.10. Precision Air Drilling Services
- 7.7.10.1. Company Overview
- 7.7.10.2. Financial Performance
- 7.7.10.3. Product Benchmarking
- 7.7.1. Reform Energy Services
Product Code: GVR-4-68040-526-2
List of Tables
- TABLE 1 Underbalanced drilling market estimates & forecasts, 2018 - 2030 (USD Million)
- TABLE 2 Underbalanced drilling market estimates and forecasts, by technology, 2018 - 2030 (USD Million)
- TABLE 3 Underbalanced drilling market estimates and forecasts, by application, 2018 - 2030 (USD Million)
- TABLE 4 North America underbalanced drilling market estimates & forecasts, 2018 - 2030 (USD Million)
- TABLE 5 North America underbalanced drilling market estimates & forecasts, by technology, 2018 - 2030 (USD Million)
- TABLE 6 North America underbalanced drilling market estimates & forecasts, by application, 2018 - 2030 (USD Million)
- TABLE 7 U.S. underbalanced drilling market estimates & forecasts, 2018 - 2030 (USD Million)
- TABLE 8 U.S. underbalanced drilling market estimates & forecasts, by technology, 2018 - 2030 (USD Million)
- TABLE 9 U.S. underbalanced drilling market estimates & forecasts, by application, 2018 - 2030 (USD Million)
- TABLE 10 Canada underbalanced drilling market estimates & forecasts, 2018 - 2030 (USD Million)
- TABLE 11 Canada underbalanced drilling market estimates & forecasts, by technology, 2018 - 2030 (USD Million)
- TABLE 12 Canada underbalanced drilling market estimates & forecasts, by application, 2018 - 2030 (USD Million)
- TABLE 13 Mexico underbalanced drilling market estimates & forecasts, 2018 - 2030 (USD Million)
- TABLE 14 Mexico underbalanced drilling market estimates & forecasts, by technology, 2018 - 2030 (USD Million)
- TABLE 15 Mexico underbalanced drilling market estimates & forecasts, by application, 2018 - 2030 (USD Million)
- TABLE 16 Europe underbalanced drilling market estimates & forecasts, 2018 - 2030 (USD Million)
- TABLE 17 Europe underbalanced drilling market estimates & forecasts, by technology, 2018 - 2030 (USD Million)
- TABLE 18 Europe underbalanced drilling market estimates & forecasts, by application, 2018 - 2030 (USD Million)
- TABLE 19 Germany underbalanced drilling market estimates & forecasts, 2018 - 2030 (USD Million)
- TABLE 20 Germany underbalanced drilling market estimates & forecasts, by technology, 2018 - 2030 (USD Million)
- TABLE 21 Germany underbalanced drilling market estimates & forecasts, by application, 2018 - 2030 (USD Million)
- TABLE 22 UK underbalanced drilling market estimates & forecasts, 2018 - 2030 (USD Million)
- TABLE 23 UK underbalanced drilling market estimates & forecasts, by technology, 2018 - 2030 (USD Million)
- TABLE 24 UK underbalanced drilling market estimates & forecasts, by application, 2018 - 2030 (USD Million)
- TABLE 25 Asia Pacific underbalanced drilling market estimates & forecasts, 2018 - 2030 (USD Million)
- TABLE 26 Asia Pacific underbalanced drilling market estimates & forecasts, by technology, 2018 - 2030 (USD Million)
- TABLE 27 Asia Pacific underbalanced drilling market estimates & forecasts, by application, 2018 - 2030 (USD Million)
- TABLE 28 China underbalanced drilling market estimates & forecasts, 2018 - 2030 (USD Million)
- TABLE 29 China underbalanced drilling market estimates & forecasts, by technology, 2018 - 2030 (USD Million)
- TABLE 30 China underbalanced drilling market estimates & forecasts, by application, 2018 - 2030 (USD Million)
- TABLE 31 India underbalanced drilling market estimates & forecasts, 2018 - 2030 (USD Million)
- TABLE 32 India underbalanced drilling market estimates & forecasts, by technology, 2018 - 2030 (USD Million)
- TABLE 33 India underbalanced drilling market estimates & forecasts, by application, 2018 - 2030 (USD Million)
- TABLE 34 Japan underbalanced drilling market estimates & forecasts, 2018 - 2030 (USD Million)
- TABLE 35 Japan underbalanced drilling market estimates & forecasts, by technology, 2018 - 2030 (USD Million)
- TABLE 36 Japan underbalanced drilling market estimates & forecasts, by application, 2018 - 2030 (USD Million)
- TABLE 37 CSA underbalanced drilling market estimates & forecasts, 2018 - 2030 (USD Million)
- TABLE 38 CSA underbalanced drilling market estimates & forecasts, by technology, 2018 - 2030 (USD Million)
- TABLE 39 CSA underbalanced drilling market estimates & forecasts, by application, 2018 - 2030 (USD Million)
- TABLE 40 Brazil underbalanced drilling market estimates & forecasts, 2018 - 2030 (USD Million)
- TABLE 41 Brazil underbalanced drilling market estimates & forecasts, by technology, 2018 - 2030 (USD Million)
- TABLE 42 Brazil underbalanced drilling market estimates & forecasts, by application, 2018 - 2030 (USD Million)
- TABLE 43 Middle East & Africa underbalanced drilling market estimates & forecasts, 2018 - 2030 (USD Million)
- TABLE 44 Middle East & Africa underbalanced drilling market estimates & forecasts, by technology, 2018 - 2030 (USD Million)
- TABLE 45 Middle East & Africa underbalanced drilling market estimates & forecasts, by application, 2018 - 2030 (USD Million)
- TABLE 46 Saudi Arabia underbalanced drilling market estimates & forecasts, 2018 - 2030 (USD Million)
- TABLE 47 Saudi Arabia underbalanced drilling market estimates & forecasts, by technology, 2018 - 2030 (USD Million)
- TABLE 48 Saudi Arabia underbalanced drilling market estimates & forecasts, by application, 2018 - 2030 (USD Million)
- TABLE 49 UAE underbalanced drilling market estimates & forecasts, 2018 - 2030 (USD Million)
- TABLE 50 UAE underbalanced drilling market estimates & forecasts, by technology, 2018 - 2030 (USD Million)
- TABLE 51 UAE underbalanced drilling market estimates & forecasts, by application, 2018 - 2030 (USD Million)
List of Figures
- FIG. 1 Market segmentation
- FIG. 2 Information procurement
- FIG. 3 Data analysis models
- FIG. 4 Market formulation and validation
- FIG. 5 Market snapshot
- FIG. 6 Segmental outlook
- FIG. 7 Competitive outlook
- FIG. 8 Underbalanced drilling market outlook, 2018 - 2030 (USD Million)
- FIG. 9 Value chain analysis
- FIG. 10 Market dynamics
- FIG. 11 Porter's analysis
- FIG. 12 PESTEL analysis
- FIG. 13 Underbalanced drilling market, by technology: Key takeaways
- FIG. 14 Underbalanced drilling market, by technology: Market share, 2024 & 2030
- FIG. 15 Underbalanced drilling market, by application: Key takeaways
- FIG. 16 Underbalanced drilling market, by application: Market share, 2024 & 2030
- FIG. 17 Underbalanced drilling market: regional analysis, 2024
- FIG. 18 Underbalanced drilling market, by region: Key takeaways
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