PUBLISHER: TechNavio | PRODUCT CODE: 1338220
PUBLISHER: TechNavio | PRODUCT CODE: 1338220
The directional drilling market is forecasted to grow by USD 5013.65 mn during 2022-2027, accelerating at a CAGR of 9.24% during the forecast period. The report on the directional drilling market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by rise in demand for oil and gas worldwide, rising investments in upstream oil and gas sector, and growing activities related to horizontal wells.
Technavio's directional drilling market is segmented as below:
By Application
By Technique
By Geographical Landscape
This study identifies the emergence of automation in directional drilling as one of the prime reasons driving the directional drilling market growth during the next few years. Also, rise in deepwater and ultra-deepwater e and p activities and discovery of new oil and gas resources will lead to sizable demand in the market.
The report on the directional drilling market covers the following areas:
The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading directional drilling market vendors that include Barbco Inc., CHTC Jove Heavy Industry Co., Granite Construction Inc., H.H. Drill Tech Drilling Machinery Co. Ltd., Halliburton Co., Herrenknecht AG, Jiangsu Dilong Heavy Machinery Co. Ltd., Jindal Drilling and Industries Ltd., Nabors Industries Ltd., NOV Inc., Prime Drilling GmbH, Radius HDD Direct LLC, Schlumberger Ltd., Scientific Drilling International, Terra AG, Tracto Technik GmbH and Co. KG, Vermeer Corp., Xinyu FeiHu Pipeline Technical Equipment Co. Ltd., Xuzhou Construction Machinery Group Co. Ltd., and Goodeng International. Also, the directional drilling market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.
The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast the accurate market growth.
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